NEW DELHI, Jan 5: L&T Hydrocarbon Engineering has secured a Rs 1,483 crore offshore contract from ONGC.
“L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has signed an offshore contract for the ‘Bassein Development 3 Well Platform and Pipeline Project’ with Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,483 crore (USD 229 million),” Larsen and Toubro stated in a BSE filing today.
The project, part of ONGC’s strategy to jointly develop three small and marginal fields/blocks under ‘Bassein Development 3 Well Platform and Pipeline Project’, is scheduled to be completed by May 2019.
The contract covers engineering, procurement, construction, installation and commissioning for the project.
(PTI)
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