Larsen and Tourbo Hydrocarbon Engineering Limited (LTHE), a wholly owned subsidiary of Larsen and Toubro
, has won a mega order from Sonatrach-Algeria. The Engineering, Procurement, Construction and Commissioning (EPCC) contract is to set up three Central Processing (CPF) facilities at:
1. Hassi Ba Hamou and Reg Mouaded Field (6 MMSCMD capacity)
2. Hassi Tidjerane Field (4 MMSCMD capacity)
3. Tinerkouk Field (4 MMSCMD capacity)
The three facilities are located close to each other in the Adrar province of Algeria. the company made the announcement on Tuesday morning.
“Process facilities include separation, compression system, mercury removal, gas dehydration, hydrocarbon dew point control and associated offsite utilities. The project maximizes modularization, which reduces site construction works and achieves standardization across the fields”, mentioned L&T in the exchange filing.
All modules will be fabricated in house at Larsen & Tourbo's manufacturing facilities. The contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis. Bagging this order from Sonatrach reflects confidence of oil and gas majors in LTHE's capabilities to execute mega projects for the oil and gas processing industry globally.
Organized under offshore, onshore, construction services, modular fabrication and engineering services verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum.
Larsen & Toubro Ltd is currently trading at Rs1,253.35 up by Rs7.4 or 0.59% from its previous closing of Rs1,245.95 on the BSE.
The scrip opened at Rs1,245.95 and has touched a high and low of Rs1,264.05 and Rs1,244.65 respectively. So far 4,46,272 (NSE+BSE) shares were traded on the counter.