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16 January, 2019 19:57 IST
L&T Hydrocarbon receives order from Saudi Aramco
Source: IRIS | 05 Apr, 2018, 12.52PM
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L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro (L&T), today announced an award for three Gas Production Deck Modules by Saudi Aramco. This is the fourth award for the consortium of LTHE with Subsea 7. There are three offshore contracts currently under execution by the Consortium for Saudi Aramco under the Long Term Agreement.

The project consists of engineering, procurement, fabrication, transportation, installation and commissioning of three gas production decks with a high integrity protection systems and exotic materials that will protect the plant for a life of fifty years and more. Two of the decks will be installed in Hasbah and one in Arabiyah field of Saudi Aramco.

This significant award validates Aramco's confidence in selecting LTHE's (Q,N,C,F)* offering for performance in fast-track implementation of complex offshore projects. LTHE has three fabrication yards and this project will be built at its flagship facility at Hazira, establishing a strong track-record to ''design and build'' offshore oil & gas projects. Over the past three decades, LTHE has served the offshore oil & gas industry with consistent delivery that brings Oil Majors and National Oil Companies to place repeat orders on LTHE for challenging projects.

Shares of the company gained Rs 32.65, or 2.52%, to trade at Rs 1,329.00. The total volume of shares traded was 51,796 at the BSE (12.38 p.m., Thursday).

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