Mumbai: L&T has bagged an engineering, procurement and construction (EPC) order worth about Rs 1,500 crore ($250 million) from Petroleum Development Oman (PDO).
The order is for a project at the Yibal-Natih gas reservoir in Oman. It is scheduled for completion in 39 months. The reservoir has been in production since 1972 and has undergone a series of expansions.
“With significant growth potential for the natural gas market in the Gulf, this order is strategic for L&T and reflects its capability to execute such projects in an extremely competitive environment,” L&T said.
L&T is currently executing two projects — the Lekhwair Gas Field Development Project and the Saih Rawl Depletion Compression Project for PDO.
PDO is a leading exploration and production company in the Sultanate and accounts for over 70 per cent of the country’s crude oil production and almost all its natural gas supply.
The Government of Oman has 60 per cent stake and Royal Dutch Shell 34 per cent in the PDO.
Thursday, 22 August 2013
L&T bags Rs 1,500-cr EPC order from Omani company
Posted on 06:10 by Unknown
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