L bags overseas orders worth
Two orders cumulatively worth $639 million are from the UAE. One is from the Abu Dhabi Gas Industries for its Habshan Ruwais Shuweihat gas pipeline project valued at $189 million. This contract involves engineering, procurement and commissioning 123 km of pipelines.
L is currently executing many pipeline projects in GCC countries for clients such as ADCO and Qatar Petroleum.
The second order for $450 million is an EPC contract awarded to L Hydrocarbon’s Upstream Business Group, from ADMA OPCO, a subsidiary of ADNOC and a major producer of oil gas in the UAE. The early production project Phase 1 of this Nasr Umm Lulu Field Development Projects includes four wellhead towers and a manifold tower platform, connecting bridges and associated sub sea pipelines.
L said it has in house engineering and fabrication facilities at three locations, including the GCC region at Sohar (Oman) and its own heavy lift and pipe laying vessel, LTS 3000.
L has also bagged a $250 million contract from PTTEP International, a subsidiary of PTT Public Co, Thailand, for its Zawtika Development Project, Phase 1A.
The project, to be delivered in 24 months, consists of three adidas uk wellhead topsides and three jackets weighing 7,000 8,000 tonnes for installation at a depth of 130 150 metres under water, besides 21 km of sub sea pipelines.
The project facilities are part of adidas uk an overall field development, and will be integrated with other platform facilities on the field. PTTEP International is state owned oil gas major, and among the largest corporations in Thailand.
Mr K. Venkataramanan, President and Member of Board, L said the present order book for the hydrocarbon segment was around Rs 18,000 crore, inclusive of the current orders adidas uk . Overseas orders total to Rs 4,000 crore.
have built up the basic structure in the Gulf and executed a number of projects, consequent to which the order flow is improving, he said.
On the domestic front, orders were expected. The second quarter might see two platforms and two pipeline projects from ONGC come up for finalisation. This is apart from ONGC’s modernisation programme.
IOC may offer part orders and BPCL contracts could come up in the first quarter of the next fiscal.
The Thailand order holds promise as it has provided an entry to the area. L could see orders from Vietnam and Australia as well.
The fertiliser segment offered opportunities and bids had been ca adidas uk lled for, but the orders seem to hinge on the availability of gas as also policies relating to urea, he said