L&T Energy Hydrocarbon Signs Six-Year EPC Agreement with Petroleum Development Oman
L&T Energy Hydrocarbon Onshore secured a six-year EPC Framework Agreement with Petroleum Development Oman. L&T will participate in PDO's future FEED and EPC projects, reinforcing their long-standing partnership. This agreement aims to support PDO's development plans and contribute to Oman's economic growth.
The agreement is a framework for future projects over six years, suggesting a steady stream of potential business. While significant, the exact value and immediate financial impact are not detailed, placing it at a medium impact level.
The agreement represents a significant long-term partnership and an opportunity for L&T to contribute to Oman's energy and economic growth, indicating a positive development for the company.
Larsen & Toubro Limited announced that its L&T Energy Hydrocarbon Onshore division has entered into a six-year engineering, procurement, and construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), Oman's primary oil and gas company. This agreement positions L&T as one of four selected EPC contractors to undertake PDO's future front-end engineering design and EPC projects for the duration of the agreement.
Under this framework, L&T will leverage its extensive integrated engineering and execution capabilities, global experience, and innovative approaches to meet PDO's project demands. The company has reiterated its commitment to fostering In-Country Value (ICV) in Oman by creating opportunities for local suppliers and subcontractors, and by continuing to develop local expertise.
E S Sathyanarayanan, Senior Vice President & Head - L&T Energy Hydrocarbon Onshore, expressed optimism about the agreement, stating, "This Framework Agreement marks an important milestone in our long-standing association with Petroleum Development Oman. We look forward to supporting PDO's development plans through safe, innovative and sustainable project delivery, while contributing to Oman's long-term energy and economic growth objectives."
L&T Energy Hydrocarbon Onshore is recognized as one of India's largest EPC businesses, specializing in integrated Lump Sum Turnkey solutions across the upstream, midstream, and downstream hydrocarbon sectors. The company boasts a strong global track record, having successfully executed projects such as refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertilizer plants, and cross-country pipeline projects.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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