TechnipFMC has been awarded significant(1) subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin.
These contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very honored to be associated with this prestigious natural gas project leading to further value creation. These awards confirm the trust we have built over the long term with Reliance along the oil and gas value chain, reflecting both our commitment to the Indian market and our leadership in the energy transition domain, through subsea gas projects.”
Key data points: The growth forecast = 6.6% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in smart oilfield market to 2031 by component (hardware, software, and services), technology (internet of things, artificial intelligence & machine learning, cloud computing, data analytics, and automation & remote monitoring), application (upstream activities, midstream activities, and downstream activities), end use (independent oil & gas operators, national oil companies, international oil companies, service companies, government & regulatory bodies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesThe MJ1 field is operated by Reliance Industries. This high-pressure high-temperature gas field is located in water depths ranging between 1,000 and 1,200 meters and will be connected to a new Floating Production Storage and Offloading facility.
(1)For TechnipFMC, a “significant” contract is between $75 million and $250 million; the total value of all contracts is also within this range.
