Indian multinational L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra mega order from ADNOC Offshore for a major project in the Middle East.
The project will be executed through a consortium arrangement, with LTEH Offshore serving as the lead partner.
For LTEH Offshore, Ultra-Mega projects are of more than Rupees 15,000 crores (about $1.573 billion) in value.
The project involves the development of multiple offshore facilities. As the lead consortium partner, LTEH Offshore will execute the major share of the project scope, covering engineering, procurement, construction, installation and commissioning (EPCIC) of the offshore facilities, in addition to the upgrade of existing facilities, the company said.
A significant portion of the fabrication work will be undertaken at L&T's state-of-the-art fabrication yards, leveraging the Company's integrated EPCIC capabilities and extensive track record in delivering large and complex offshore developments across the region.
LTEH Offshore is a leading EPCIC solutions provider for offshore oil and gas industry. Supported by robust in-house engineering capabilities, world-class fabrication facilities and a dedicated fleet of marine vessels, it has successfully delivered complex shallow-water and deep-water field developments across geographies. Over the past four decades, the business has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and decommissioning jobs.
S N Subrahmanyan, Chairman & Managing Director – Larsen & Toubro Limited, said: “This prestigious award from ADNOC reflects the trust our clients place in L&T’s engineering excellence, project execution capabilities and unwavering commitment to delivering complex energy infrastructure projects safely and on schedule. As a long-standing partner in the region, we remain committed to supporting the UAE’s energy ambitions through innovative, sustainable and world-class offshore solutions”.
Larsen & Toubro is a $32 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies. With a strong impetus towards AI & technology, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. - TradeArabia News Service
