L&T wins two major offshore contracts overseas
28 June 2022
The Hydrocarbon division of engineering and construction major Larsen & Toubro, L&T Energy, has secured three offshore contracts from an overseas client, reportedly Saudi Aramco.
L&T said the scope of work comprises engineering, procurement, construction, and installation for various new offshore jacket structures. L&T Energy Hydrocarbon (LTEH) has executed orders for this client in the past and repeat business is a testimony to L&T’s “Execution Par Excellence” philosophy, it added.
LTEH said it is executing several domestic and international offshore projects and is building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload.
Organised under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, the company has been setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence.
Aramco has dished out multiple EPCI awards worth more than a combined $1.6 billion, to three international contractors or consortia, as a part of an LTA arrangement.
The winners included a grouping of L&T with Subsea 7, UAE’s National Petroleum Construction Company and Italy’s Saipem.
The L&T-Subsea 7 consortium is believed to have won deals for contract release purchase orders (CRPOs) 88, 89 and 90, reports citing sources said.
CRPO 88 involves up to 10 jackets for the Safaniyah field, while CRPO 89 comprises the EPCI of up to nine jackets for the Safaniyah and Ribyan fields.
CRPO 90 includes up to 11 offshore jackets for the Safaniyan and Zuluf fields.
Safaniyah lies about 200 kilometres north of Dhahran and, with 37 billion barrels of heavy crude in place, is viewed as the world’s largest offshore oilfield.
Aramco has been carrying out further development of the field through multiple LTA projects, as it aims to maintain the production profile and arrest decline at the field.