Larsen & Toubro (L&T) on Thursday said its subsidiary, L&T Hydrocarbon Engineering (LTHE), in consortium with Baker Hughes, a GE company, and McDermott International, has bagged a sub-sea contract from ONGC for development of block DWN-98/2 in the Krishna Godavari basin.
The award represents the largest single sub-sea contract awarded by ONGC, the company said in a BSE filing.
LTHE said the scope of work encompasses fabrication engineering, procurement and coating of around 500 km linepipes, stalk fabrication of around 300 km linepipes and fabrication, testing a loadout of around 185 sub-sea structures, including six sub-sea manifolds and onshore pipeline installation.
It will leverage on its fabrication facility at Kattupalli, Chennai, for this project, LTHE added. Delivery is scheduled for 2020 for the gas system and 2021 for the oil system.
Shares of Larsen & Toubro were trading 1.82 per cent up at Rs 1,267.15 apiece on BSE.