TechnipFMC, an oilfield services provider, has been awarded significant subsea contracts from Reliance Industries for the MJ1 field, located in deep water off the coast of India in the Krishna Godavari Basin.
Those contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals, TechnipFMC said on Monday.
The MJ1 field is operated by Reliance Industries. This high-pressure, high-temperature gas field is located in water depths ranging from 1.000 to 1.200 meters and will be connected to a new floating production storage and offloading facility.
For TechnipFMC, a "significant" contract is between $75 million and $250 million; the total value of all contracts is also within this range.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very honored to be associated with this prestigious natural gas project which has led to further value creation. These awards confirm the long-term trust we have built 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. ”
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