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L&T bags contract worth $250 m

Our Bureau

Mumbai, Feb. 19

Larsen and Toubro has bagged a contract worth around $250 million from Maersk Oil Qatar for development work at the latter's oil field `Block 5'.

The contract is for a project that involves construction of two new offshore platform topsides, a flare platform and an interconnecting bridge. The contract is one of their `largest overseas projects' said a news release from L&T. Maersk Oil Qatar is developing the field under a production-sharing agreement with Qatar Petroleum. The `Block 5' package is to be executed in 28 months.

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