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  • L&T-Samsung Consortium Wins Rs. 2117 Crore ONGC Order: Press Release

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    Srinivasan Rajenderan
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    A consortium of Larsen & Toubro Limited (L&T) and Samsung Heavy Industries Co. Ltd. was awarded a $456 million (Rs. 2117 crores) contract by Oil & Natural Gas Corporation Ltd. (ONGC) to execute the Vasai East Development Project within over two years. As part of the consortium, L&T will handle jobs worth around Rs. 776 crores, including engineering, procurement, and fabrication of critical modules. Samsung will execute the balance of the process platform facility. The Vasai East Development Project, located 80 km off the coast of Mumbai, will incorporate new compressors and a platform to assist gas production from the existing South Vasai field with increased oil,

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    A consortium of Larsen & Toubro Limited (L&T) and Samsung Heavy Industries Co. Ltd. was awarded a $456 million (Rs. 2117 crores) contract by Oil & Natural Gas Corporation Ltd. (ONGC) to execute the Vasai East Development Project within over two years. As part of the consortium, L&T will handle jobs worth around Rs. 776 crores, including engineering, procurement, and fabrication of critical modules. Samsung will execute the balance of the process platform facility. The Vasai East Development Project, located 80 km off the coast of Mumbai, will incorporate new compressors and a platform to assist gas production from the existing South Vasai field with increased oil,

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    L&T-Samsung Consortium Wins Rs. 2117 Crore ONGC Order: Press Release

    Uploaded by

    Srinivasan Rajenderan
    A consortium of Larsen & Toubro Limited (L&T) and Samsung Heavy Industries Co. Ltd. was awarded a $456 million (Rs. 2117 crores) contract by Oil & Natural Gas Corporation Ltd. (ONGC) to execute the Vasai East Development Project within over two years. As part of the consortium, L&T will handle jobs worth around Rs. 776 crores, including engineering, procurement, and fabrication of critical modules. Samsung will execute the balance of the process platform facility. The Vasai East Development Project, located 80 km off the coast of Mumbai, will incorporate new compressors and a platform to assist gas production from the existing South Vasai field with increased oil,

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    PRESS RELEASE

    Issued by Corporate Communications Department

    LARSEN & TOUBRO LIMITED


    L&T House, Ballard Estate, Mumbai 400 001

    Tel: 55525772 (Direct), 55525656 Ext: 772


    Fax: 91-22-55525607/ 8
    E-mail: [email protected]

    L&T-Samsung Consortium Wins


    Rs. 2117 Crore ONGC Order
    Mumbai, January 25, 2006: A consortium formed by Larsen & Toubro
    Limited (L&T) and Samsung Heavy Industries Co. Ltd. (SHI), Koreas leading
    ship building, offshore construction and engineering company, has bagged a US
    $ 456 million (Rs. 2117 crores) order from the Oil & Natural Gas Corporation
    Ltd. (ONGC) for the Vasai East Development Project to be executed in a time
    frame of a little over two years.
    As consortium partner, L&T will execute jobs worth around Rs. 776 crores.
    L&Ts scope includes engineering, procurement, onshore fabrication and
    transportation of the critical booster and high pressure compression modules.
    SHI will execute the balance process platform facility for the project.
    Fully assembled and pre-tested compressor modules for the project will be
    delivered from L&Ts unique modular fabrication facility at Hazira, near Surat,
    which has been recently expanded to meet the growing needs of the energy
    sector in India and abroad. L&T is developing over 100 acres of additional
    facility for a rapid expansion of its complex at Hazira.
    The Vasai East Development Project will be located approximately 80 km west
    north-west of Mumbai, off Indias west coast. It will incorporate new booster
    compressors and a process facilities platform at BCPA-2. The project will have
    oil handling capacity of 4200 barrels per day, gas processing facility of 12 cubic
    metres per day and water injection of 47000 barrels per day. Once
    commissioned, the project will assist gas production at lower pressure from the
    existing South Vasai field.
    Earlier in December 2005, L&T had won a turnkey project valued at Rs. 1300
    crores from ONGC for BCP-B2 Booster Compressor Platform for Vasai field.
    ------------FN: L&T-Samsung.doc

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