Oct 11: L&T Hydrocarbon Engineering Ltd (LTHE), a wholly owned subsidiary of Mumbai-based construction major Larsen & Toubro, on Wednesday said that the company has bagged an offshore contract for the transportation & installation – Daman development project from Oil & Natural Gas Corporation (ONGC) valued at approximately Rs 1,150 crore.
“The contract, won against international competitive bidding, encompasses total ‘EPCIC’ – Engineering, Procurement, Construction, Installation and Commissioning for the project,” the company said in a statement.
The project, part of ONGC’s strategy to extract gas from Daman field, is situated in the south western part of Tapti – Daman block in Mumbai Offshore, located at about 160-200 km North West direction from Mumbai city and 160 km West of Daman, according to the statement.
This contract reiterates the long term association of ONGC with L&T in the development of offshore fields in India, it said.
Incorporated in 2009, LTHE serves the oil and gas sector around the world. Organised under offshore, onshore, construction services, modular fabrication and engineering services verticals, the company delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.