L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at approximately $140 million (Rs.894 crores) from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project.
The contract, won against international competitive bidding, includes total ‘EPCI’ solutions Engineering, Procurement, Construction and Installation of two wellhead platforms, subsea pipelines and modification of existing facilities in Heera-Panna-Bassein Block of Mumbai Offshore.
The project, part of ONGC’s strategy to improve recovery factor of Vasai East field where production started in 2008, is scheduled to be completed by April 2016.