Additional development of the Vasai East project

Additional development of the Vasai East project

-29th Dec, 2014

Larsen & Toubro (“L&T”) has reportedly been awarded an offshore contract worth Rs 894 crore from Oil & Natural Gas Corporation (“ONGC”) for additional development of the Vasai East project. The company’s fully owned subsidiary L&T Hydrocarbon Engineering (“LTHE”) has been awarded the contract on complete turnkey basis from ONGC to improve recovery factor of Vasai East field where production started in 2008, and it is scheduled to be completed by April 2016.

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