L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of India's Larsen & Toubro, has bagged an offshore contract valued at $140.4 million (INR 8.94 billion) from the Oil & Natural Gas Corporation Ltd. (ONGC) for additional development of the Vasai East project offshore Mumbai, India.

The contract, won against international competitive bidding, includes total ‘EPCI’ solutions – Engineering, Procurement, Construction and Installation of two wellhead platforms, subsea pipelines and modification of existing facilities in Heera-Panna-Bassein Block of Mumbai Offshore.

The project, part of ONGC’s strategy to improve recovery factor of Vasai East field where production started in 2008, is scheduled to be completed by April 2016. L&T has been serving the upstream hydrocarbon sector since the early ’90s.

Tags: L&T Hydrocarbon Engineering, ONGC