GE, L&T to produce subsea equipment for deepwater projects off eastern India
GE has signed an exclusive memorandum of understanding with L&T Hydrocarbon Engineering Ltd.
NEW DELHI, India– GE has signed an exclusive memorandum of understanding (MoU) with L&T Hydrocarbon Engineering Ltd., a wholly-owned subsidiary of Larsen & Toubro (L&T).
The firms will partner in the manufacture of subsea manifolds destined for future deepwater projects in the Krishna-Godavari basinoffshore eastern India. This marks India’s entrance into local subsea equipment manufacturing.
L&T’s modular fabrication facility in Tamil Nadu was chosen as the production site. Spread over 600,000 sq m (6.5 million sq ft) and with an annual capacity of 50,000 metric tons, the plant is equipped with welding and fabrication capabilities along with a 150-m (492-ft) jetty.
Ashish Bhandari, CEO of GE Oil & Gas, South Asia said: “GE continues to grow its widespread manufacturing footprint in India and this latest collaboration will continue our contributions towards Make in India. Our strategic partnership with L&T has opened new avenues for us to manufacture highly advanced equipment to serve the needs of India’s oil and gas sector as well as the broader, global industry.”
Subramanian Sarma, CEO and managing director ofL&T Hydrocarbon Engineering, said: “Associating with GE will help L&T to broaden its offering in the deepwater space and provide a compelling value proposition to our customers. Projects of such strategic importance and magnitude bring huge responsibility and we are poised to make significant contributions to India’s growth curve going ahead.”
In addition to this MoU, L&T Infotech has also joined the GE Digital Alliance Program. The companies will collaborate to develop innovative digital industrial solutions powered by GE’s Predix operating system for the Industrial Internet. They will work together to leverage analytics and real-time insights to enhance competitiveness and transform the way companies manage their assets and workforce.
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