L&T arm gets $370 m proj from Oman firm

L&T arm gets $370 m proj from Oman firm

L&T India said that its subsidiary has bagged two orders from PDO worth $370 million

The Dollar Business Bureau

Larsen & Toubro Ltd (L&T) India, an Indian multinational said that its subsidiary has bagged two orders from Petroleum Development Oman LLC (PDO) worth $370 million approximately.

“L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of L&T India, has won orders worth $370 million from PDO,” the company said in a release.

“The new projects comprise Procurement, Construction and Engineering of Saih Nihaydah Depletion Compression Phase II (SNDC-2) and Kauther Depletion Compression Phase II (KDC-2) Project,” it said.

Located in the central region of Oman, Saih Nihaydah field has been producing through Saih Nihaydah Gas Plant (SNGP) which was put into operation in 2005. The Kauther Gas Plant (KGP) is situated around 120 km from Saih Rawl-CPP, Oman.

Both the projects are being carried out to overcome pressure depletion and to maintain potential to sustain production.

The company informed that LTHE has executed three projects for PDO including: Lekhwair Gas Field Development Project worth $150 million; Saih Rawl Depletion Compression Project (SRDC2) worth $235 million; and, Yibal 3rd Stage Depletion Compression (Y3DC) Project valued $240 million.

PDO is the primary exploration and production company in the Sultanate of Oman. The company accounts for more than 70 percent of the Oman’s crude-oil production and almost all of the country’s natural-gas supply. 

The Dollar Business Bureau - Apr 11, 2016 12:00 IST
 
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