L&T wins $370m Oman engineering orders

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L&T wins $370m Oman engineering orders

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Ltd. India, has won two orders valued approximately USD 370 million from Petroleum Development Oman LLC (PDO). The new order wins include Engineering, Procurement & Construction of Saih Nihaydah Depletion Compression Phase 2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) Project.

Petroleum Development Oman is the foremost exploration and production company in the Sultanate of Oman. It accounts for more than 70% of the country’s crude-oil production and nearly all of its natural-gas supply. The Company is owned by the Government of Saih Nihaydah Field is located in the central Oman area. The field has been producing via the Saih Nihaydah Gas Plant (SNGP) which was commissioned in 2005. Kauther Gas Plant (KGP) is located approximately 120 Km from Saih Rawl-CPP, Oman.

These projects are being implemented to overcome pressure depletion and maintain potential in order to sustain production. LTHE has already executed three projects for PDO viz., the Lekhwair Gas Field Development Project (USD 150 million approx.); the Saih Rawl Depletion Compression Project (SRDC2) (USD 235 million approx.), and the Yibal 3rd Stage Depletion Compression (Y3DC) (USD 240 million approx.).

Background:
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 15 billion in revenue. It operates in over 30 countries worldwide. A strong, 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 over seven decades.

Source: www.larsentoubro.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.