India’s engineering and construction major Larsen & Toubro (L&T) announced it has secured an ‘ultra-mega’ contract from QatarEnergy LNG.
The contract is estimated to be valued at about $1.75 billion.
QatarEnergy LNG has awarded the offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business, the company said in a media release.
It marks the largest single contract ever received by L&T, the company said.
The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes – each comprising large offshore platforms with compression and power generation facilities.
It also includes living quarters, flare platforms, interconnected bridges, and other associated structures to be located at approximately 80 kms off the northeast coast of Qatar.
S N Subrahmanyan, Chairman & Managing Director, L&T, said securing QatarEnergy LNG’s ultra-mega offshore contract is a landmark achievement.
“This prestigious project strengthens our global energy portfolio, while supporting Qatar’s energy security objectives,” he said.
Subramanian Sarma, Deputy Managing Director & President-L&T, said the collaboration not only strengthens the company’s partnership but also reaffirms its commitment to supporting Qatar’s strategic energy objectives through innovative and reliable solutions.
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