Rs 2117 cr project for Larsen consortium

A consortium of Larsen & Toubro (L&T) and Samsung Heavy Industries Company (SHI) "" Korea's leading shipbuilding, offshore construction and engineering company, has bagged a contract valued to the tune of Rs 2,117 crore ($456 million) from Oil and Natural Gas Corporation (ONGC) for the Vasai East Development project to be executed in a timeframe of two years.

As consortium partner, L&T will execute jobs worth around Rs 776 crore. The scope for the company includes engineering, procurement, onshore fabrication and transportation of the critical booster and high-pressure compression modules. SHI will execute the balance process platform facility for the project.

Fully assembled and pretested compressor modules for the project will be delivered from L&T's unique modular fabrication facility at Hazira, near Surat, which has recently been expanded to meet the growing needs of the energy sector in the country and abroad.

Larsen is developing over 100 acres of additional facility for a rapid expansion of its Hazira complex.

The Vasai East Development project will be located at approximately 80 km north-west of Mumbai, off India's west coast. It will incorporate new booster compressors and a process facilities platform at BCPA-2.

The project will have oil handling capacity of 4,200 barrels a day, gas processing facility of 12 cubic metres a day and water injection of 47,000 barrels a day. Once commissioned, the project will assist gas production at lower pressure from the existing south Vasai field.

Earlier in December 2005, L&T had won a turnkey project valued at Rs 1,300 crore from ONGC for BCP-B2 booster compressor platform for Vasai field.