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L&T gets $30 million order from UAE gas firm
Monday, 05 January 2004, 20:30 IST
NEW DELHI: Indian engineering and construction major Larsen & Toubro Ltd (L&T) has bagged a $30-million order for upgrading facilities at the Abu Dhabi Gas Industries Ltd. (GASCO).
"L&T will be responsible for total engineering, procurement and construction (EPC) involving new compressors and related facilities, to meet additional gas supplies from the Bu Hasa field development," the company stated Monday.
GASCO is a part of the Abu Dhabi National Oil Company (ADNOC) group and is responsible for processing associate and non-associate gas from onshore oil production. It is one of the major industrial projects in the United Arab Emirates.
GASCO converts the previously flared by-products of oil into different marketable forms of clean energy.
L&T bagged this order against competition from international EPC majors like Technip of France, Snam of Italy, Petrofac of the U.A.E. and Clough Engineering, Australia, the company stated.
The order represents a major breakthrough for L&T in the onshore gas field development sector and would enable the company to demonstrate its competencies in the field, said K. Venkataramanan, member of the company board and president of L&T operations.
The company is bidding for more similar oil and gas projects in other Gulf Cooperation Council (GCC) countries, the official statement said.
Source: IANS
Source: IANS