Modernization L&T Wins Offshore Contract
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at `8,940 million Rupees (US & 144 million) from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project.
Mumbai - The contract includes total ‘EPCI’ solutions – Engineering, Procurement, Construction and Installation of two wellhead platforms, subsea pipelines and modification of existing facilities in Heera-Panna-Bassein Block of Mumbai Offshore.
This project is a part of ONGC’s strategy to improve recovery factor of Vasai East field where production started in 2008. This project is scheduled to be completed by April 2016.