L&T Hydrocarbon wins Rs 781-cr contract from ONGC
Mumbai: Larsen & Toubro Hydrocarbon has secured an offshore contract valued at Rs 781 crore from Oil and Natural Gas Corporation (ONGC).
The contract, won against international competitive bidding, encompasses total 'EPCI' - Engineering Procurement Construction & Installation - of three wellhead platforms, spread over Heera and South Heera fields of the state-run exploration giant, a company statement said today.
The project, part of ONGC's strategy to re-develop Heera and South Heera fields off Mumbai coast to meet India's rising energy demands, is scheduled to be completed by April 2014.
These un-manned wellhead platforms will be connected with the nearby Heera process complex by subsea cables for remote operation, the statement said.
L&T has been serving the upstream hydrocarbon sector since the early 1990s. Recently, the engineering and construction conglomerate was awarded another contract from ONGC for three wellhead platforms.