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