L&T to execute Rs1060 crore GSPC oil platform
05 Apr 2010
L&T has been awarded a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs1,060 crore ($235 million).
GSPC awarded this project to L&T, over the claims of other bidders, in order to accelerate production of ''first oil/gas'' by 2012 from its technically challenging KG Basin, off the east coast of India.
Given the temperatures and pressures involved will be some of the highest encountered in such projects in the world, the awarded project is a major acknowledgement of L&T's capability to meet such challenging needs on a ''turnkey'' basis.
Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. Upon final commissioning, the facilities will add about 6 million standard cubic metres of hydrocarbon gas per day to India's energy production.
L&T has been serving the upstream hydrocarbon sector since early 90s and has successfully executed several demanding and prestigious offshore projects for ONGC and international clients.
This order is a ''first'' on the difficult east coast and from a discerning new client like GSPC.
L&T's upcoming manufacturing facilities at Kattupalli near Ennore and L&T Valdel engineering office in Chennai will be leveraged to support the execution, in addition to other L&T work centres.