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L&T Hydrocarbon won offshore contract from ONGC worth 894 crore rupees

Dec 29, 2014 18:58 IST

Larsen & Toubro (L&T) Hydrocarbon on 29 December 2014 won offshore contract from Oil & Natural Gas Corporation (ONGC) worth 894 crore rupees for additional development of the Vasai East project.

The project includes the work to improve recovery factor of Vasai East field where production was started in 2008 and it is scheduled to be completed by April 2016.

L&T Hydrocarbon Engineering (LTHE) bagged the contract on complete turnkey basis from ONGC. LTHE is a fully owned subsidiary of L&T.

The contract includes total engineering, procurement, construction and installation of two wellhead platforms, subsea pipelines and modification of existing facilities in Heera-Panna-Bassein block of Mumbai offshore.

The 2500 crore rupees project will result in incremental oil production of 1.83 million metric tonne (MMT) and incremental gas production of 1.971 billion cubic metres (BCM) by 2030.

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Read more Current Affairs on: L&T Hydrocarbon , offshore contract , ONGC

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