Indian engineering and construction major Larsen & Toubro (L&T) said one of its key subisidiaries, L&T Hydrocarbon Engineering (LTHE) has been ranked second in the Oil and Gas Magazine Middle East’s Top 30 EPC (engineering, procurement and construction) contractors list for 2018.
With a total revenue of over $17 billion last year, L&T is one of India’s global conglomerates engaged in technology, engineering, construction, manufacturing and financial services and operating in over 30 countries worldwide.
In addition to India, LTHE, the firm’s oil and gas arm, is involved in many prestigious international projects in UAE, Saudi Arabia, Kuwait, Qatar, Tanzania, Oman, and Malaysia, said a statement from L&T.
One of the key projects that led to LTHE’s ranking was the field development EPC contract with Abu Dhabi’s Al Dhafra Petroleum Operation Company, worth over $342 million, signed earlier this year.
The scope of the contract includes the commissioning of flow lines and gathering facilities and pipelines to transfer crude oil and gas from the Haliba oilfield to a processing facility at Asab. Read More
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