Cannot find table 1.
Larsen & Toubro has bagged an EPC (engineering, procurement and construction) contract worth Rs 1,500 crore from the Petroleum Development Oman LLC (PDO). The project at the Yibal-Natih gas reservoir in Oman is scheduled to be completed in 39 months. Larsen & Toubro stated this on August 20 in a filing to the BSE. Yibal-Natih is a sweet gas reservoir with recoverable reserves estimated at 90 per cent.
Yibal-Natih has been in production since 1972 and undergone a series of expansions to accommodate increasing demand for gas. The Yibal third stage facility will be installed to boost reservoir pressure, L&T said.
The construction major said that with significant growth potential for natural gas in the Gulf, this order is strategic for L&T and reflects its capability to execute such projects in an extremely competitive environment.
L&T is doing two projects for PDO, a leading exploration and production company in the Sultanate, which accounts for 70 per cent of the country's crude oil production and nearly all of its natural gas supply.