L&T bags ultra mega Adnoc Offshore order worth over ₹15,000 crore

Larsen & Toubro’s (L&T) offshore hydrocarbon business has secured a more than ₹15,000 crore order from Adnoc Offshore for a major project in West Asia.

The engineering and construction conglomerate classifies orders valued at more than ₹15,000 crore as ultra mega. It didn’t disclose the exact order value.

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Adnoc Offshore is the offshore exploration and production arm of the Abu Dhabi National Oil Company (Adnoc) and among the largest oil and gas producers globally.

Describing the contract as “prestigious,” SN Subrahmanyan, chairman and managing director at L&T, said, “As a longstanding partner in the region, we remain committed to supporting the UAE's energy ambitions through innovative, sustainable and world-class offshore solutions.”

The project entails the development of multiple offshore facilities. It will be implemented through a consortium arrangement, with L&T Energy Hydrocarbon Offshore (LTEH Offshore) serving as the lead partner.

It will carry out the major share of the project scope. This covers engineering, procurement, construction, installation and commissioning (EPCIC) of the offshore facilities, besides the upgrade of existing facilities.

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A significant share of the fabrication work will be undertaken at L&T’s fabrication yards, leveraging the company’s integrated EPCIC capabilities and extensive track record in delivering large and complex offshore developments across West Asia.

LTEH Offshore provides engineering, procurement, construction, installation and commissioning solutions for the offshore oil and gas industry. It has in-house engineering capabilities, fabrication facilities and a dedicated fleet of marine vessels.

Shares of L&T closed 0.15% higher at ₹4,006 apiece on the BSE, compared to a 0.27% decline in the benchmark Sensex.