L&T arm inks pact with McDermott for subsea oil projects.

Industry: Oil and Gas 2016-02-26

The hydrocarbon engineering arm of L&T has signed a long-term agreement with McDermott International for subsea projects in deepwater segment in the east coast of India. L&T Hydrocarbon Engineering Ltd (LTHE) has inked the agreement with McDermott to develop a cost-effective approach at the L&T subsidiary’s Kattupalli facility near Chennai, L&T said in a regulatory filing today. McDermott provides engineering, procurement, construction and installation ( EPCI) .. Read more at: http://economictimes.indiatimes.com/articleshow/51138239.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Source: Economic Times

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