L&T Hydrocarbon Engineering Ltd, a wholly owned subsidiary of Larsen & Toubro, has received a fresh order worth Rs 2,715 crore from upstream major Oil & Natural Gas Corporation (ONGC) for creating new process platforms and other infrastructure at Bassein field, which is located in Western offshore basin.
The scope of the order includes a new process platform having gas processing and compression facilities, nine-slot well head platform, topside modification on existing platforms and associated subsea pipelines. The new platforms are a part of ONGC’s strategy to enhance the field life and increase hydrocarbon recovery of the ageing Bassein field.
The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India.
“The project, a part of ONGC’s strategy to enhance the field life and increase the recovery of Bassein field, is scheduled to be completed by December 2017,” the filing said.
Cumulative production from the field till 2027-28 is pegged at 19.56 billion cubic meters of gas, 1.97 million cubic meters of condensate and 1.83 million tonnes of oil.
This contract reiterates the long-term association of ONGC with L&T in the development of offshore fields in India, the filing added.
On June 22, L& T had informed that its another arm, L&T Metallurgical and Material Handling (L&T-MMH) business has secured new orders worth Rs 1,507 crore across various verticals.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $15 billion revenue. It operates in 30 countries worldwide.