L&T secures contract for Saudi oil and gas supply base

The Buildings and Factories business of Larsen & Toubro (L&T) construction has secured a contract from Oilfields Supply Company Saudi, owned by the Dubai-based Oilfields Supply Centre Ltd, to design and build an oil and gas supply base at King Salman Energy Park at Dammam in Saudi Arabia. According to the company’s statement, the project is set to be one of the world’s largest oil and gas supply bases. Categorised as a ‘significant’ contract by L&T, the contract is valued between Rs 1,000 crore and Rs 2,500 crore. The project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated infrastructure and storage yards along with civil, structural, MEP and architectural works. The project is scheduled to be completed in 30 months. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. Image: Layout of  King Salman Energy Park (SPARK)