L&T Secures Major Offshore Orders from ONGC for Pipeline Replacement and Wellhead Platforms
Key Takeaways
- •L&T's hydrocarbon division received a batch of offshore EPCIC orders from ONGC for projects on India's western coast.
- •The contract scope includes subsea pipeline replacement under the PRP-X program and construction of four new wellhead platforms.
- •L&T classified the deal as "major," indicating a value between 5,000 and 10,000 crore, or roughly $525 million to $1 billion.
- •The awards come shortly after L&T secured an "ultra-mega" contract exceeding $1.8 billion from ADNOC Offshore in the Middle East.
- •The consecutive contract wins from ONGC and ADNOC highlight L&T's standing as a preferred offshore EPC partner for national oil companies in India and the Gulf.
The hydrocarbon business of Larsen & Toubro (L&T), one of India's largest engineering and construction conglomerates, has secured a batch of orders from the state-owned Oil and Natural Gas Corporation (ONGC) for offshore projects along India's western coast.
The orders cover two distinct scopes of work. The first, designated PRP-X, involves the engineering, procurement, construction, installation, and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC's offshore fields. The pipeline replacement program reflects the ongoing need to maintain and upgrade subsea infrastructure tied to ONGC's mature Mumbai Offshore fields, which have been in production for decades and remain a significant contributor to India's domestic crude oil and natural gas output. The second order entails the EPCIC of four wellhead platforms, which are designed to tap additional reserves and sustain production levels from existing offshore complexes.
L&T did not disclose exact financial details, but characterized the deal as a "major" award. Under the company's internal project classification system, a "major" contract is defined as one valued between 5,000 crore and 10,000 crore (approximately $525 million to $1 billion). ONGC, India's largest producer of crude oil and natural gas, regularly awards large offshore EPCIC contracts as part of its capital expenditure program to arrest natural decline from aging fields and bring new wells into production.
These orders come shortly after L&T landed a substantial contract from ADNOC Offshore for a project in the Middle East. That agreement was described as an "ultra-mega" contract — the highest tier in L&T's mega-projects classification — which the company defines as a single contract or order exceeding 15,000 crore (over $1.8 billion). The back-to-back awards from ONGC and ADNOC underscore L&T's positioned role as a preferred offshore engineering, procurement, and construction partner for both Indian and Gulf national oil companies, a segment where the company competes with a limited set of global players capable of delivering integrated offshore projects at this scale.
