L&T Hydrocarbon bags petroleum firm’s two EPC contracts in Oman

L&T Hydrocarbon bags petroleum firm’s two EPC contracts in Oman

7:50 AM, 12th April 2016
L&T Hydrocarbon bags petroleum firm’s two EPC contracts in Oman

MUMBAI, INDIA: L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Ltd (L&T), has bagged two contracts valued approximately $370 million from Petroleum Development Oman LLC (PDO).

These projects are being implemented to overcome pressure depletion and maintain potential in order to sustain production.

As per the new contract, LTHE will be responsible for engineering, procurement & construction (EPC) of Saih Nihaydah Depletion Compression Phase 2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) projects.

Petroleum Development Oman, the leading exploration and production company in Oman, accounts for more than 70 percent of the country’s crude-oil production and nearly all of its natural-gas supply. PDO is owned by the Government of Oman (which has a 60 percent interest), Royal Dutch Shell (34 percent), Total (4 percent) and Partex (2 percent).

© Business Standard News


Read the latest news from L&T Hydrocarbon:

L&T Hydrocarbon, McDermott collaborate for deepwater projects in India

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Yara to expand fertilizer plant in Brazil

OSLO, NORWAY: Yara International ASA said that it will invest approximately BRL 1 billion ($275 million) in expanding and modernizing its Rio Grande ...

Read more
A single ion impacts a million water molecules

SWITZERLAND: Ecole Polytechnique Federale de Lausanne (EPFL) researchers have found that water molecules are 10,000 times more responsive to ions than ...

Read more
Catalyst could make production of key chemical more eco-friendly

PROVIDENCE, US: The world has more carbon dioxide than it needs, and a team of Brown University chemists has come up with a potential way to put some ...

Read more
DIC completes acquisition of Colmar’s flexo inks business in Canada

PARSIPPANY, US: DIC Group said its wholly owned subsidiary Sun Chemical Corp has completed the acquisition of the flexo inks business of Colmar Inks C ...

Read more
Fairfax to invest $300 million in Sanmar Chemicals

TORONTO, CANADA: Fairfax India Holdings Corporation through its wholly-owned subsidiaries has agreed to invest $300 million into the Sanmar Chemicals ...

Read more
Flour gets extension on Portsmouth gas plant decommission contract

IRVING, US: Fluor Corporation said that the US Department of Energy (DOE) has exercised its option to extend the decontamination and decommissioning w ...

Read more