L&T Hydrocarbon Engineering has announced bagging a Rs 1,483 crore offshore contract from ONGC.
In a filing to the BSE, Larsen and Toubro stated: “L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has signed an offshore contract for the ‘Bassein Development 3 Well Platform and Pipeline Project’ with Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,483 crore (USD 229 million).”
The project, part of ONGC’s strategy to jointly develop three small and marginal fields/blocks under ‘Bassein Development 3 Well Platform and Pipeline Project’, is scheduled to be completed by May 2019.
The contract covers engineering, procurement, construction, installation and commissioning for the project.
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