L&T wins ONGC order worth over Rs1,000 crore
17 Mar 2010
Engineering and construction major Larsen and Toubro has secured a turnkey project contract from state-run explorer Oil and Natural Gas Corporation (ONGC), worth around Rs1,013 crore.
The turnkey project contract is for construction of four well platforms for Phase II of Mumbai High North (MHN) re-development project of ONGC.
The Mumbai High field is in production since 1974 and ONGC is in the process of augmenting production through latest hydrocarbon lift techniques and improved reservoir recovery, L&T said today.
Each of these platforms will have 12 slots with remote well testing and monitoring facilities from NQ/MHN process complex.
L&T will have single point responsibility for the complete engineering, procurement, fabrication and installation of these platforms with total in-house capabilities. This will involve 23,000 tonnes of jackets and topsides equipped with wind turbine system and hybrid power system in addition to many state of the art facilities.
L&T bagged this prestigious order through an international competitive bidding process.