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L&T bags EPC contract worth Rs 1500 cr

By Religare
L&T bags EPC contract worth Rs 1500 cr
Engineering and Constriction major L&T announced on Tuesday that it has secured an order nearly worth Rs 1500 crore from Petroleum Development Oman LLC (PDO).

The engineering, procurement and construction (EPC) order is for the Yibal 3rd stage depletion compression (Y3DC) project at the Yibal-Natih gas reservoir in Oman, L&T said.

The project is slated to be completed in 39 months, L&T added.

Yibal-Natih is a sweet gas reservoir with recoverable reserves estimated at 90 per cent. It has been in production since 1972 and has undergone a series of expansions to accommodate increasing demand for gas. The Yibal 3rd stage facility will be installed to boost reservoir pressure, the engineering and construction major added.

Dion Global Solutions Ltd.

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