L&T Hydrocarbon Engineering Ltd (LTHE), a fully owned subsidiary of L&T, is gearing up to grab the deepwater segment opportunities in India. In this regard, the company has recently signed a long-term agreement with McDermott International focused on subsea projects in deepwater segment emerging on the east coast of India. LTHE and McDermott have successfully cooperated on several other projects in India previously and this agreement further strengthens the relationship between the two companies. The agreement builds on successful collaboration between McDermott and LTHE which resulted in the recent Rs.2450 Crore order to the Consortium of McDermott and LTHE for Vashishta Deepwater Greenfield development.
As per the agreement signed, both the entities will jointly develop a cost-effective approach resulting in the utilisation of LTHE’s state-of-the-art, strategically located Kattupalli facility near Chennai. It will be used for fabrication and setting up of a local spool base in India. The versatile fleet and combination of reel lay and S lay methods for laying of subsea pipelines will be by McDermott. This offers a unique and compelling value proposition for future east coast India deepwater developments.