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L&T’s oil and gas unit secures about $300 million EPC offshore contract

Indian EPC giant Larsen & Toubro‘s (L&T) hydrocarbon unit announced today that it has secured an offshore contract worth $122 to $304 million approximately from a “prestigious overseas client.”

The scope of work comprises engineering, procurement, construction, and installation for new offshore structures.

L&T is executing several domestic and international offshore projects and is committed to building its regional presence in the Middle East.

In April, L&T won a contract from Aramco for the further development of Aramco’s giant Zuluf oilfield with a project scope that involves both new infrastructure and the upgrading of multiple production deck modules.

Last month, L&T’s power transmission and distribution business secured two orders to establish overhead power transmission lines connecting prominent cities situated on the Red Sea coast in Saudi Arabia.