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L&T Secures $300 Million EPC Contract For the Development of Oil and Gas Facilities in Middle-East

Last Updated on 13th February 2024

Larsen and Toubro (L&T), one of the largest EPC companies in India, recently secured a significant onshore and offshore contract from a leading oil and gas operator in the Middle East. The contract, valued between $120 million and $300 million, underscores L&T's growing influence in the region's energy sector.

 

L&T Secures $300 Million EPC Contract For the Development of Oil and Gas Facilities in Middle-East

 

The onshore component of the contract entails the engineering, procurement, and construction of an enclosed Ground-Flare system and the demolition of existing facilities. This initiative aims to reduce flame and smoke visibility for nearby large-scale residential developments. Meanwhile, the offshore project primarily involves brownfield work, focusing on the upgrade of shutdown systems on existing offshore platforms.

 

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While specific details regarding the location and nature of the facilities remain undisclosed, the scale of the contract suggests potential involvement in significant infrastructure development, such as pipelines, processing plants, or offshore platforms. This achievement further solidifies L&T's position as a premier EPC contractor in the Middle East, a region characterized by vast oil and gas reserves and sustained investments in energy infrastructure. Explore our database to find out more details about upcoming and ongoing global oil & gas projects

 

Brownfield Investment
A brownfield investment is when a company or government entity purchases or leases an existing facility to launch a new production activity. This is in contrast to a greenfield investment, which involves building a new facility from scratch. Brownfield investments are often used in foreign direct investment (FDI), when a company wants to expand its operations into a new country.

 

Read: QatarEnergy Announces the Award of $6 Billion EPC Contract For OilField Expansion

 

About L&T hydrocarbon Engineering Limited

L&T Hydrocarbon Engineering Limited (LTHE) is a leading Indian engineering, procurement, and construction (EPC) company that offers integrated solutions for the hydrocarbon industry. It is a wholly owned subsidiary of Larsen & Toubro Limited (L&T), a USD 21 billion technology, engineering, construction, projects, manufacturing, and financial services conglomerate. Some of the key projects executed by L&T include the following:

 

Read: L&T Bags Mega EPC Contract to Develop Largest Solar Power Plant in the United Arab Emirates

 

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