Larsen & Toubro (L&T)
Progressing up the list this year to bag the second spot is Indian construction giant Larsen & Toubro (L&T). The company, in a consortium with Singapore-based Emas AMC, recently won a massive EPC contract worth more than $1bn from Saudi Aramco for the expansion of the offshore Hasbah sour gas field. Work on the expansion scheme includes building platforms and pipelines, with the field’s supply feeding the Fadhili gas plant, a $6bn complex that will include a gas processing unit and sulphur recovery.
It is the second major contract win for the duo in recent months: Emas AMC, a unit of Ezra Holdings, also teamed up last year with the firm to secure a long-term contract with Aramco to work on offshore facilities. The expansion of Hasbah will supply 2bn standard cubic feet per day (scfd) of gas to the Fadhili plant, for which Aramco awarded a construction contract last year.
In April L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen and Toubro, won two orders, worth $370mn from state-owned Petroleum Development Oman (PDO). The first of these is an engineering, procurement and construction (EPC) deal for the Saih Nihaydah Depletion Compression Phase 2 (SNDC2) project. The second is an EPC deal for phase two of the Kauther Depletion Compression (KDC2) project.
Last year, LTHE commissioned the $400mn-plus Umm Lulu Phase-I & Nasr Phase-I Field Development projects of the Abu Dhabi Marine Operating Company (ADMA-OPCO). Modifications were also made to ZADCO’s Umm Al Dalkh Central Processing Platform and the Umm Shaif platform in the Nasr field to improve production, and a new multiphase sub-sea export pipeline was installed at Total’s Abu Al Bukoosh facilities.
