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L&T Hydrocarbon wins Rs. 1656 crore contract from ONGC

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L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of infrastructure and construction major Larsen & Toubro (L&T), has bagged an offshore contract for the Neelam Re-Development and B173AC Project from the Oil & Natural Gas Corporation (ONGC) valued at Rs. 1656 crore ($ 245 million).
 
A press release from L&T said the contract, won against international competitive bidding, encompasses total ‘EPCIC’ – Engineering, Procurement, Construction, Installation and Commissioning for the project. 
 
The scope includes one new process platform having gas processing and compression facilities, three new well head platforms, 32 km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms in the Neelam Field in western offshore basin in India, it said.
 
The project, part of ONGC’s strategy to enhance the field life and increase recovery of Neelam field, is scheduled to be completed by April 2019. 
 
The incremental gain from the field after implementation of project till 2034-35 is pegged at 2.76 MMT crude oil and 4.786 BCM gas.
 
Neelam Offshore field is situated in the Heera-Panna block in Mumbai Offshore, located at about 45 km south-west of Mumbai city.
 
The release said LTHE provides complete ‘EPCIC’ solutions for the offshore oil & gas industry combining customized engineering, procurement, fast-track project management and world-class fabrication and sea installation capabilities meeting stringent timelines, conforming to international safety standards.
 
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