L&T Hydrocarbon Engineering (LTHE) has been awarded a large EPCI contract from Saudi Arabian oil giant and the biggest oil company in the world, Saudi Aramco.
The contract is valued at over US$1.6 billion and is for the development of the second phase of Hasbah Offshore Gas field situated off the coast of Saudi Arabia. The project has been awarded to LTHE in consortium with EMAS CHIYODA Subsea (ECS)1 , a 50:50 joint venture company owned by Ezra Holdings Limited and Chiyoda Corporation.
LTHE’s share in the contract value is approximately 60 per cent.
Subramanian Sarma, MD and CEO, L&T Hydrocarbon Engineering said, “We are dedicated to providing bespoke EPCI services in this region with our state-of-the art facilities and strong team delivering excellence in execution. We believe that this is the first of many successful results for our consortium and look forward to more accomplishments with our consortium partner EMAS CHIYODA Subsea under the long term agreement, which is for six years extendable by another six years.”
The Consortium will be carrying out the complete ‘EPCI’ work – Engineering, Procurement, Construction and Installation of the offshore plant which includes two streams of three wellhead platform topsides, one tie-in platform with flare platforms and bridges tied together by 20 km umbilicals and 25 km of in-field pipelines.
The project is scheduled to be completed over a period of three and half years and will serve Saudi Aramco’s strategy to supply additional 2,500 mmscfd of clean natural gas through the Fadhili Gas Plant to meet Saudi Arabia’s growing domestic energy demand.