2 hrs ago
L&T Secures Large ONGC Offshore Order for West Coast Projects
L&T has won a large offshore energy contract from ONGC.
The project is worth between ₹2,500 crore and ₹5,000 crore.
It concerns two offshore developments called Ratna-I and NLM-14.
These projects are located off India’s west coast.
L&T will build three well-head platforms and one riser platform.
It will also install subsea pipelines and cables.
Some existing offshore facilities will be changed or upgraded.
The overall goal is to help ONGC produce more energy from its existing offshore fields.
L&T Energy Hydrocarbon Offshore secured an order from ONGC valued at ₹2,500-5,000 crore.
The contract covers additional development of the Ratna-I and NLM-14 projects off India’s west coast.
Work includes three new well-head platforms, one riser platform, subsea pipelines and cables.
L&T will also modify existing offshore facilities and handle engineering, procurement, construction, installation and commissioning.
The projects are intended to enhance production from ONGC’s established offshore assets.
- Who
- Larsen & Toubro’s hydrocarbon arm, L&T Energy Hydrocarbon Offshore, and ONGC.
- What
- A ₹2,500-5,000 crore contract for developing the Ratna-I and NLM-14 offshore projects.
- Where
- Off India’s west coast.
- When
- Why
- To enhance production and continue developing ONGC’s established offshore assets.
Key facts
- Order value
- ₹2,500-5,000 crore
- Awarding organization
- ONGC
- Executing company
- L&T Energy Hydrocarbon Offshore
- Projects
- Ratna-I (ADR-I) and NLM-14
- New platforms
- Three well-head platforms and one riser platform
- Additional work
- Subsea pipeline and cable segments, plus modifications to existing offshore facilities
- Order classification
- L&T classifies ₹2,500-5,000 crore contracts as large orders
Quotes
Parthasarathi Chatterjee
Senior Vice President and Head of L&T Energy Hydrocarbon Offshore
“The ADR-I and NLM-14 developments are significant additions to India’s offshore energy infrastructure and demonstrate the continued investment in enhancing production from established offshore assets”
financialexpress.com
Sources
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