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FINANCIAL NEWS
India’s L&T develops USD400m oil field projects in Abu Dhabi
23 Feb 2015
(MENAFN) Indian Larsen & Toubro commissioned the initial phases of the USD400 million field development projects of Abu Dhabi Marine Operating Company (Adma-Opco), Khaleej Time reported.
The preliminary phases are Umm Lulu phase 1 and Nasr phase 1 field. When the two are totally developed, the Umm Lulu field predicted oil per day generation is a rough 105,000 barrels, Nasr field is predicted to produce 65,000 barrels daily.
Completion of the development of the two fields will mark the maturation of L&T Hydrocarbon Engineering, the USD14.3 billion engineering, construction, manufacturing and financial services conglomerate of Larsen & Toubro Limited.
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