Key Agreement Details
L&T Energy Hydrocarbon Onshore has signed a six-year engineering, procurement and construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), Oman's leading oil and gas company. The agreement strengthens the long-standing partnership between the two organizations.
Scope of Work
Under the agreement, L&T has been selected as one of four EPC contractors to participate in PDO's upcoming front-end engineering design and EPC projects over the six-year agreement period. L&T will provide integrated engineering and execution capability, global expertise, and innovation to support PDO's future project requirements.
In-Country Value Commitment
L&T remains committed to supporting In-Country Value (ICV) development in Oman through opportunities for local suppliers, subcontractors and service providers, and the continued development of local capabilities.
Management Commentary
E S Sathyanarayanan, Senior Vice President & Head - L&T Energy Hydrocarbon Onshore, stated: "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."
Business Background
L&T Energy Hydrocarbon Onshore is described as one of India's largest EPC businesses, delivering integrated Lump Sum Turnkey solutions across upstream, midstream and downstream hydrocarbon sectors. The company has a strong track record across global markets, including successful delivery of refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertilizer plants and cross-country pipeline projects.
Company Overview
Larsen & Toubro is described as a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies.
Counterparty Information
Petroleum Development Oman is identified as the leading exploration and production company in the Sultanate of Oman, delivering the majority of the country's crude oil production and natural gas supply, and playing a central role in supporting Oman's energy security.