L&T bags Rs 877 crore ONGC order

Larsen & Toubro Ltd (L&T) has announced that the Oil & Natural Gas Corporation (ONGC) has awarded a Rs 877 Crore turnkey project order to the Company for the NQ Re-construction (NQRC) Project in Mumbai High North fields. This Projects is the largest Brownfield project of its kind awarded in the Offshore Oil & Gas Sector in India.

The NQ Complex, one of the oldest assets owned by ONGC is operational since 1985.The project comprises of re-construction of Offshore Facilities at the NQ Complex including the replacement of the existing Booster Compressor with a new Process Gas Compressor Module, revamp of Produced Water Conditioning System, Hot Oil System, Gas Dehydration Unit and other utilities.The turbo-machinery for the Process Gas Compressor Module will be supplied by Kawasaki Heavy Industries (KHI), Japan and the Module will be fabricated and delivered from the Company's Modular Fabrication Facility at Hazira.

The Project calls for substantial quantum of Offshore Works, with an "in-the-sea" campaign spanning over 300 days in Mumbai High.The Company bagged the prestigious order on the strength of its proven track record in meeting several stringent requirements, including a tight project schedule. The Project will be executed on a Lump Sum Turnkey basis with the completion scheduled by May 08, 2009.

The award of the NQRC Project has further strengthened the Company's position in the Indian Upstream Hydrocarbon Sector as a leader in providing total E&C solution to ONGC & to the Industry.