Larsen & Toubro subsidiary L&T Hydrocarbon Engineering (LTHE) has received a $245m offshore contract from Oil & Natural Gas Corporation (ONGC) to redevelop Neelam field and B173AC Project.

LTHE won the contract through the process of international competitive bidding. The contract covers engineering, procurement, construction, installation and commissioning services (EPCIC) for the project.

Under the contract, LTHE will develop one new process platform with gas processing and compression facilities, three new well head platforms, a 32km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms in the Neelam Field in India's western offshore basin.

The project forms a part of ONGC’s strategy to improve recovery potentiality and extend the life of Neelam field.

The project is expected to be completed by April next year.

"The project forms a part of ONGC’s strategy to improve recovery potentiality and extend the life of Neelam field."

Following development, the additional gain from the field to 2034-35 is estimated to be 2.76 million tonnes of crude oil and 4.786 billion cubic metres of gas.

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By GlobalData

Neelam offshore field is in the Heera-Panna block in Mumbai Offshore, 45km from Mumbai city.

Larsen & Toubro has a long association with ONGC to develop offshore fields in India, having been working in the upstream hydrocarbon sector since the early 1990s.

LTHE provides complete EPCIC solutions for the offshore oil and gas industry

Larsen & Toubro operates in more than 30 countries worldwide specialising in technology, engineering, construction and manufacturing services.