-72.55 (-1.85%) Larsen & Toubro’s (L&T’s) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) -- in consortium with EMAS CHIYODA Subsea, has bagged two awards involving Engineering, Procurement, Construction and Installation (EPCI) contracts from Saudi Arabian oil giant and biggest oil company in world, Saudi Aramco. The contract is awarded to supply and install four wellhead decks in the Safaniya field and another award to upgrade on 17 platforms in various offshore fields in the Arabian Sea off the coast of Saudi Arabia.
The long term agreement awarded by Saudi Aramco to the LTHE - EMAS CHIYODA Subsea Consortium in June last year has been very successful and the consortium is poised to remain a substantial service provider to Aramco and participate in the development of capabilities in Kingdom over the long term.