LTHE wins ONGC offshore deals worth up to $725m in India
Subsidiary of BSE-listed giant Larsen & Toubro will build in the Western Offshore basin, located 70km from Mumbai High
India's Bombay Stock Exchange-listed Larsen & Toubro (L&T) said its subsidiary L&T Hydrocarbon Engineering (LTHE) had won two orders from India's Oil and Natural Gas Corporation for projects in the Western Offshore basin, located 70km southwest of Mumbai High.
The "large" contracts, which L&T uses to describe deals worth $363-725m, are engineering, procurement, construction, installation, and commissioning agreements that cover the Heera Panna Block and Mumbai High South Field.
For Heera Panna Block, LTHE will deliver two well head platforms, 49km of subsea rigid pipelines, risers, and modification work of seven existing platforms, as well as Heera Process Complex.
The second contract will see LTHE developing Mumbai High South Field 210km to the west of Mumbai city, the contractor said in a statement.
LTHE's work for the scheme includes the development of a water injection process platforms bridge, living quarters for 100 individuals, and the modification and interconnection of utilities with existing platforms.