L&T, PETRONAS Carigali Sign EPC Contract, Offshore Myanmar
- Business & Finance
Larsen & Toubro (L&T) signed a contract with PETRONAS Carigali Myanmar (Hong Kong) Limited in Yangon, Myanmar for executing an offshore engineering, procurement, construction, installation and commissioning project valued at over USD 100 million. The order enlarges L&T’s footprint in the competitive hydrocarbon upstream market in South East Asia, and has already been included in L&T’s order inflow disclosure.
The Yetagun North Field is operated by PETRONAS Carigali Myanmar (Hong Kong) Limited with PETRONAS Carigali Myanmar Inc, Myanma Oil and Gas Enterprise, PTTEP International Ltd and JX Nippon Oil Exploration (Myanmar) Ltd. as its partners. The 19-month project includes supplying an offshore wellhead platform and subsea pipeline to be installed in a water depth of 108 meters. The scope also includes host tie-in works on an existing platform in the Yetagun complex. L&T’s facility in Kattupalli on the East Coast of India will undertake the fabrication work for the project.
L&T is one of the few contractors in the world with complete in-house engineering, procurement, fabrication and installation capability in the hydrocarbon upstream sector. This integration of resources and end-to-end capability is of special relevance to several large developments being planned by global majors in South East Asia.
Press Release, January 30, 2013; Image: Premier Oil