L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering giant Larsen & Toubro, Thursday said it has been awarded a ‘mega’ project in the Marjan Field by Saudi Aramco. The engineering and construction company did not provide the exact value of the contract, but specified that as per its classification, the mega project is in the range of over Rs 7,000 crore.
“This award is received by the consortium of LTHE with EMAS AMC (A Subsea7 company),” Larsen and Toubro stated in a BSE filing.
The project scope for oil facilities for the Marjan Incremental Development Project consists of four tie-in platforms, one tie platform module, nine production deck modules (wellhead decks), 217 kilometers of subsea pipelines across 25 segments, and 145 kilometers of subsea cables across 16 segments. Larsen and Toubro was trading 0.53 per cent lower at Rs 1,447.60 apiece on BSE.
Source: Financial Express, July 18, 2019