L&T wins EPCIC contract for ONGC offshore projects
L&T Energy Hydrocarbon Offshore (LTEH Offshore), a subsidiary of Larsen & Toubro, won an EPCIC contract from Oil and Natural Gas Corporation (ONGC) to expand energy infrastructure off the west coast of India.
Specifically, the contract covers work related to the Ratna-I (ADR I) and NLM-14 projects. The works will incorporate new facilities and modifications to existing marine assets.
In addition, the project seeks to increase production and support the development of ONGC's offshore assets in this region of India.
The EPCIC contract covers Ratna-I and NLM-14
For its part, LTEH Offshore will assume the engineering, acquisition, construction, installation and commissioning of the infrastructure contemplated in the EPCIC contract.
Specifically, the scope includes three new wellhead platforms for Ratna-I (ADR I) and NLM-14. It also includes a lifting platform, various subsea pipeline segments, and submarine cables.
Larsen & Toubro will also be required to make modifications to existing offshore facilities. In this way, the offshore contract combines the addition of new infrastructure with work on assets that are already part of ONGC's operations.
Larsen & Toubro will work on operational facilities
In turn, combining new construction with modifications to existing facilities adds coordination requirements to the project. LTEH Offshore will have to integrate the works within an environment where ONGC already has operations.
According to Parthasarathi Chatterjee, senior vice president and director of LTEH Offshore, the work requires detailed planning and precise integration of the different engineering areas.
Furthermore, the executive noted that the ADR-I and NLM-14 projects expand India's marine energy infrastructure and reflect investment aimed at improving production from already established offshore fields.
The order reaches up to 5,000 crore of rupees
In economic terms, Larsen & Toubro classified the award as a large order. According to the company's classification, this type of contract is valued between 2,500 and 5,000 crore rupees.
Therefore, the economic dimension of the EPCIC contract accompanies a technical scope that includes platforms, pipelines, submarine cables and modifications to existing facilities.
ONGC seeks to increase its offshore production
At the same time, the purpose of the offshore projects goes beyond simply installing new infrastructure. ONGC aims to increase production and continue developing its marine assets off the west coast of India.
In this regard, Ratna-I and NLM-14 are part of the work aimed at strengthening facilities linked to fields that are already active. The strategy allows for combining new capacity with improvements to existing infrastructure.
Furthermore, this approach explains the variety of work awarded to LTEH Offshore; the wellhead platforms will allow for the expansion of the facilities, while the underwater pipelines and cables will facilitate their integration with the rest of the marine systems.
LTEH Offshore will assume full responsibility for the execution of the project
Finally, LTEH Offshore will draw on its experience in EPCIC projects to execute the various stages of the contract. The Larsen & Toubro subsidiary will be responsible for the entire process, from engineering and procurement to installation and commissioning.
This offshore contract strengthens Larsen & Toubro's involvement in the development of India's marine energy infrastructure . For ONGC, the projects at Ratna-I and NLM-14 will enable them to advance their production plans through new facilities and upgrades to existing assets.
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