L&T Energy Hydrocarbon Offshore has received a substantial order from a major client in the Middle East.
The company made the announcement on 29 July, explaining that the order covers numerous offshore packages, including engineering, procurement, construction, and installation of offshore structures, as well as upgrades to existing facilities. The order is worth more than US$1.7bn, according to a press statement issued by the company.
L&T did not name the client or the country it will be operating in.
Calling it an 'ultra-mega' order, L&T said that its hydrocarbon offshore vertical helps the offshore oil and gas industry in a significant manner, and is the main provider of engineering, procurement, construction, installation, and commissioning (EPCIC) solutions.
With strong in-house engineering capabilities, cutting-edge manufacturing yards, and a dedicated fleet of marine vessels, L&T has a proven track record in both shallow and deep-water field development.
Over the last three decades, it has completed complicated projects requiring permanent platforms, subsea pipes and structures, brownfield renovations, and decommissioning.
L&T added that "this ultra-mega order demonstrates the speed and precision with which the Hydrocarbon Offshore business vertical delivers complex projects around the world while complying to world-class safety standards."
Larsen & Toubro is a US$30bn Indian multinational that specialises in EPC projects, high-tech manufacturing, and services across different regions.
In March this year, the company had bagged another ultra-mega project from QatarEnergy LNG.
Qatar had awarded L&T an offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP), making it the largest single contract ever received by the company at the time.
The scope of work included the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each consisting of large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures to be located approximately 80 km off the northeast coast of Qatar.
Commenting on the Qatari development, S.N. Subrahmanyan, Chairman and Managing Director – L&T had commented, “Securing QatarEnergy LNG’s Ultra Mega Offshore Contract – largest single order in our history, is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar’s energy security objectives. We look forward to setting new benchmarks in project execution that will reinforce Qatar’s position as a global LNG leader.”
