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

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