L&T Hydrocarbon Engineering Ltd. (LTHE), a wholly owned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Neelam Re-Development and B173AC Project from the Oil & Natural Gas Corp. (ONGC) valued at US$245 million.
The contract, won against international competitive bidding, encompasses total engineering, procurement, construction, installation and commissioning (EPCIC) for the project. The scope includes one new process platform having gas processing and compression facilities, three new well head platforms, 32km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms in the Neelam Field in western offshore basin in India.
Neelam Offshore field is situated in the Heera-Panna block in Mumbai Offshore, about 45km Southwest of Mumbai city.
The project, part of ONGC’s strategy to enhance the field life and increase recovery of Neelam field, is scheduled to be completed by April 2019. The incremental gain from the field after implementation of project till 2034-35 is pegged at 2.76 million-tonne crude oil and 4.786 Bcm gas.