 "L&T-McDermott consortium wins ONGC's Rs 2,450 cr contract")
Oil & Natural Gas Corporation (ONGC) has awarded an offshore contract valued at Rs 2,450 crores to a consortium of McDermott and L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, for the development of its Vashishta and S1 deepwater fields situated off the East Coast of India. LTHE’s share in the consortium is Rs 640 crores.
The contract encompasses complete EPCI work - engineering, procurement, construction and installation - of major subsea facilities in ONGC’s deepwater fields. The full scope of the contract includes the supply and installation of subsea structures at seabed in water depths ranging from 200 metres to 700 metres and subsea pipelines interconnecting subsea wells to ONGC’s onshore facilities at Odalarevu in Andhra Pradesh. The project is part of ONGC’s strategy to monetise its deepwater oil & gas fields on the East Coast. Upon final commissioning, the facilities will add about 4.55 MMSCM of hydrocarbon gas per day to India’s domestic gas production.
The consortium developed a cost-effective solution which included utilisation of LTHE’s strategically located Kattupalli facility in Chennai for fabrication and setting up of a local spoolbase in India and schedule improvements using a combination of reel lay and S lay methods for laying of subsea pipelines by McDermott.
L&T has been serving the upstream hydrocarbon sector since the early 1990s. L&T Hydrocarbon Engineering provides complete EPCI solutions for the offshore oil & gas industry combining customised engineering, procurement, fast-track project management and world-class fabrication & installation capabilities meeting stringent timelines and conforming to international safety standards.
The contract encompasses complete EPCI work - engineering, procurement, construction and installation - of major subsea facilities in ONGC’s deepwater fields. The full scope of the contract includes the supply and installation of subsea structures at seabed in water depths ranging from 200 metres to 700 metres and subsea pipelines interconnecting subsea wells to ONGC’s onshore facilities at Odalarevu in Andhra Pradesh. The project is part of ONGC’s strategy to monetise its deepwater oil & gas fields on the East Coast. Upon final commissioning, the facilities will add about 4.55 MMSCM of hydrocarbon gas per day to India’s domestic gas production.
The consortium developed a cost-effective solution which included utilisation of LTHE’s strategically located Kattupalli facility in Chennai for fabrication and setting up of a local spoolbase in India and schedule improvements using a combination of reel lay and S lay methods for laying of subsea pipelines by McDermott.
L&T has been serving the upstream hydrocarbon sector since the early 1990s. L&T Hydrocarbon Engineering provides complete EPCI solutions for the offshore oil & gas industry combining customised engineering, procurement, fast-track project management and world-class fabrication & installation capabilities meeting stringent timelines and conforming to international safety standards.