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L&T Hydrocarbon Engineering awarded mega contract for South West Gas Fields Development Project by Sonatrach-Algeria

Posted On: 2019-02-12 10:17:43

L&T Hydrocarbon Engineering Limited (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a mega order from Sonatrach-Algeria.

The Engineering, Procurement, Construction and Commissioning (EPCC) contract is to set up three Central Processing (CPF) facilities at:

1. Hassi Ba Hamou and Reg Mouaded Field (6 MMSCMD capacity)
2. Hassi Tidjerane Field (4 MMSCMD capacity)
3. Tinerkouk Field (4 MMSCMD capacity)

The three facilities are located close to each other in the Adrar province of Algeria.

Process facilities include Separation, Compression System, Mercury Removal, Gas Dehydration, Hydrocarbon Dew Point Control and associated Offsite & Utilities. The project maximizes modularization, which reduces site construction works and achieves standardization across the fields. All modules will be fabricated in house at Larsen & Toubro's manufacturing facilities.

The contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis. Bagging this order from Sonatrach reflects confidence of Oil and Gas majors in LTHE's capabilities to execute mega projects for the Oil and Gas processing industry globally.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Engineering Services verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1245.95 as compared to the previous close of Rs. 1262.2. The total number of shares traded during the day was 373894 in over 11417 trades.

The stock hit an intraday high of Rs. 1260.1 and intraday low of 1220.95. The net turnover during the day was Rs. 464685455.


Source: Equity Bulls

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