Contact Us   
Your Position: Home > News > Industry News

GE, L&T in pact to manufacture subsea equipment for deep water projects

2012/8/15      view:

BY ET BUREAU | UPDATED: AUG 10, 2016, 07.26 PM IST

MUMBAI: Global conglomerate GE and Indian engineering major Larsen & Toubro have signed an agreement to partner in manufacturing subsea equipment for deep water projects in the Krishna-Godavari basin on the east coast of India, the companies said in a joint statement on Wednesday. 

L&T will participate in the project through its subsidiary L&T Hydrocarbon Engineering and will use its modular fabrication facility in Tamil Nadu for the project. 

"GE continues to grow its widespread manufacturing footprint in India and this latest collaboration will continue our contributions towards Make in India," said Ashish Bhandari, CEO, GE Oil & Gas, South Asia. "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." 

The partnership aims to leverage on the manufacturing and technological capabilities of the two companies in the oil and gas space, and will mark India's entry into local subsea equipment manufacturing. 

"Associating with GE will help L&T broaden its offering in the deep-water space and provide a compelling value proposition to our customers," said Subramanian Sarma, managing director of L&T Hydrocarbon Engineering. 

L&T's modular fabrication unit is spread over an area of 600,000 sqm and has an annual capacity of 50,000 MT. The plant is equipped with advanced welding and fabrication capabilities, along with a 150 m jetty, enabling easier transit for advanced hardware for the seabed. Utilising a modular approach, GE's subsea manifolds will provide longterm reliability, safety and quality, while addressing the complexities of the subsea environment, the statement said.