QatarEnergy Awards Ultra Mega Offshore Contract to L&T
Deal News | Mar 27, 2025 | Zawya
QatarEnergy has awarded a significant contract to Larsen & Toubro Limited (L&T) for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). This ultra mega offshore project is the largest single contract ever secured by L&T and is valued over INR 15,0000 ($1.75 billion). The project involves the engineering, procurement, fabrication, installation, and commissioning of two major offshore compression complexes with facilities such as power generation, living quarters, and interconnected bridges. Located 80 km off the northeast coast of Qatar, the project is a part of Qatar’s strategy to enhance energy security. The contract's award marks L&T's strengthening presence in the global energy sector.
Sectors
- Energy
- Engineering and Construction
Geography
- Qatar – The project is located off the northeast coast of Qatar and involves QatarEnergy, the national energy company of Qatar.
- India – Larsen & Toubro Limited is an Indian company that secured the contract, indicating the geographical link to India.
Industry
- Energy – The article involves QatarEnergy and a major contract related to energy production and sustainability, highlighting activities in the global energy sector.
- Engineering and Construction – The involvement of Larsen & Toubro in the engineering, procurement, and construction elements of the project categorizes this under engineering and construction.
Financials
- $1.75 billion – Valuation of the ultra mega offshore contract awarded to L&T by QatarEnergy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| QatarEnergy | Project Owner | Company | QatarEnergy is the state-owned petroleum company of Qatar, responsible for the development of the North Field Production Sustainability Offshore Compression Project. |
| Larsen & Toubro Limited (L&T) | Contractor | Company | An Indian multinational engaged in technology, engineering, construction, manufacturing, and financial services, awarded the ultra mega offshore contract. |
| S N Subrahmanyan | Chairman & Managing Director | Person | S N Subrahmanyan is the Chairman and Managing Director of Larsen & Toubro Limited. |
| Bombay Stock Exchange | Stock Exchange | Other | The statement regarding the contract was released to the Bombay Stock Exchange, indicating where the company publicly traded. |