L&T-led consortium bags Rs 1,864cr ONGC order

A consortium of Larsen & Toubro (L&T) and US-based offshore construction company Global Industries Offshore has won a Rs 1,864 crore order from ONGC for replacement of pipelines and modification of platforms at Bombay High.

As consortium leader, L&T would execute jobs worth Rs 930 crore including engineering, procurement, onshore fabrication and offshore modification of platforms, L&T said in a release today.

"Global Industries Offshore has been entrusted with the installation of offshore pipelines and risers," the release added.

The project involves replacement of old submarine pipelines and laying of new pipelines in 40 segments aggregating 185 kms over a three-year period. Modifications are also to be carried out on 78 existing wells and process platforms, the release said.

"The first-year schedule is critical since about 45% of the work is to be completed by April 2006," the release added.

The pipelines and platforms were originally installed by ONGC over the last 30 years, and this project is designed to extend the life and reliability of the facilities. The project covers ONGC's major production areas in western offshore including Bombay High North, South and Heera fields, it said.

K Venkataramanan, president (operations)  of L&T, said the order is a recognition of L&T's increasing acceptance for world-scale projects in India and abroad.