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L&T Hydrocarbon Engineering awarded Marjan Oil Increment EPCI project in Saudi Arabia

Posted On: 2019-07-18 09:58:05

L&T Hydrocarbon Engineering Limited (LTHE) has been awarded another Mega project in the Marjan Field by Saudi Aramco. The Saudi company's trust on LTHE's commitment to consistent project performance and ability to put the best team of young professionals to deliver value, time and again has resulted in the award of this mega contract for oil facilities for the Marjan Increment Program.

It bears testimony to the execution capability of LTHE with excellent safety and quality performance, which was repeatedly demonstrated in the execution of the Hasbah Gas Increment Project and other projects in the Kingdom of Saudi Arabia, including: Marjan, Safaniya, Zulf and Berri. All projects were executed through LTHE's fabrication facilities in the Middle East and India.

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. It also includes the replacement of existing control gears at eight existing SA Offshore platforms and tie-in to existing systems.

This award is received by the consortium of LTHE with EMAS AMC (A Subsea7 Company). LTHE is a subsidiary of Larsen & Toubro and is based in Mumbai, India.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1455.25 as compared to the previous close of Rs. 1461.5. The total number of shares traded during the day was 184154 in over 3586 trades.

The stock hit an intraday high of Rs. 1470 and intraday low of 1452.5. The net turnover during the day was Rs. 269564719.


Source: Equity Bulls

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