TechnipFMC, The Oilfield Services Provider, Received Significant Subsea Contracts from Reliance Industries for the MJ1 Field, Located in Deep Waters off the Coast of India, in the Krishna Godavari Basin.
These contracts cover the manufacturing and installation of flexible risers, rigid and flexible flow lines, and umbilicals, TechnipFMC said on Monday.
The MJ1 field is operated by Reliance Industries. This high-pressure, high-temperature gas field is located at water depths ranging from 1,000 to 1,200 meters and will be connected to a new floating storage and offloading facility.
For TechnipFMC, a “significant” contract is between US$ 75 million and US$ 250 million; the total value of all contracts is also within this range.
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Arnaud Pieton, President Subsea of TechnipFMC, commented: “We are very honored to be associated with this prestigious natural gas project that has led to greater value creation. These awards confirm the trust we have built over time with Reliance throughout 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.”
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