Larsen & Toubro
Third on our list this year is the oil and gas EPC arm of Larsen & Toubro (L&T), one of India’s largest engineering corporations. L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, towards the end of Q1 2017, announced winning orders for oil and gas EPC projects in the international market, primarily in the MENA region, worth more than $617mn.
The company said it won a major onshore engineering, procurement and construction order for a large petrochemical facility in the Middle East, without providing further details. The firm also won orders for the supply of modularised structures and skids for ongoing refinery projects in the region.
LTHE has made significant strides in Saudi Arabia, where in a consortium with Singapore’s EMAS Chiyoda Subsea, it has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi oil giant Aramco in the beginning of this year. The contract was awarded to supply and install four wellhead decks in the Safaniya field, with another award to upgrade on 17 platforms in various offshore fields in the Arabian Sea off the coast of Saudi Arabia. The consortium is poised to remain a substantial service provider to Aramco and participate in the development of capabilities in the kingdom over the long term.
Separately, LTHE has won a mammoth deal this year, by signing an enterprise framework agreement (EFA) with Shell Global Solutions International BV for providing EPCM services for Shell’s projects in the Middle East, South East Asia and India. The EFA is for a period of five years. For any agreements resulting from the EFA, LTHE has said it will leverage its core strengths of engineering and project management to deliver projects for Shell.
