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FINANCIAL NEWS
India receives USD 370 contract from Oman Petroleum
12 Apr 2016
(MENAFN) Larsen & Toubro Hydrocarbon Engineering, a subsidiary of India’s Larsen & Toubro Ltd. (L&T), received USD 370mn contract from Petroleum Development Oman.
Furthermore, the new contract includes engineering, procurement and construction of the Saih Nihaydah Depletion Compression phase 2.
Accordingly, these projects will be applied to overcome stress depletion and maintain potential in order to sustain production.
The firm has executed three projects for PDO; the LekhwairGas Field Development at USD 150mn, the SaihRawal at USD 235mn and the Yibal project at USD 240mn.
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