provides complete EPCI solutions for the offshore oil & gas industry combining customized engineering, procurement, fast-track project management and world-class fabrication and installation capabilities meeting stringent timelines and conforming to international safety standards.
Parsons and LTHE will collaborate to provide customers with conceptual engineering, feasibility studies, front-end engineering design, detailed engineering, specialty and high-end engineering, cost estimating, and engineering, procurement, and construction management services in the Americas.
Walsh stated, LTHEs high-value engineering center, based in Mumbai, and its hydrocarbon expertise combined with Parsons well-established customer relationships, project management and risk management skills, and oil and gas experience in the Americas provide comprehensive solutions for our customers.
has been serving the hydrocarbon mid & downstream sector since early90s and has a distinguished track record of executing process plants with comprehensive scope of work and stringent delivery schedules on lump sum EPCC basis involving diverse technologies from various process licensors.
The agreement builds on successful collaboration between McDermott and LTHE
which resulted in the recent Rs.
LTHE and McDermott have successfully cooperated on several other projects in India previously and this agreement further strengthens the relationship between the two companies.
LTHE provides complete EPCI solutions for the offshore oil & gas industry combining customized engineering, procurement, fast-track project management and world-class fabrication & installation capabilities meeting stringent timelines and conforming to international safety standards.
In the onshore seg ment LTHE
has secured a contract valued at approx imately 580 crore from a leading company engaged in hydrocarbon downstream processing.
In the onshore segment LTHE
has secured a contract valued at approximately Rs.
The order reinforces LTHEs
unique capability to deliver 'design to build' engineering and construction solutions across the hydrocarbon spectrum.
The Consortium developed a cost-effective solution which included utilization of LTHEs
strategically located Kattupalli facility in Chennai for fabrication and setting up of a local spoolbase in India and schedule improvements using a combination of reel lay and S lay methods for laying of subsea pipelines by McDermott.
Hugh Cuthbertson, McDermotts vice president, Asia, said, This collaborative consortium created value by utilizing LTHEs
strong execution capabilities and strategically located Kattupalli facility for fabrication, setting up a local spoolbase, and generating schedule efficiency by using a combination of deepwater reel-lay and S-lay in shallow water.