ExxonMobil is planning to expand its sourcing of energy infrastructure equipment from India, with company affiliates expected to procure billions of dollars in equipment from the country by the end of the decade.
The company said on July 16 that India has the potential to become a larger manufacturing hub for global energy projects, supported by its skilled workforce, improving infrastructure, and established supply chains.
“The strategic alignment between ExxonMobil’s capabilities in India and the country’s goals has never been stronger… In the last two years alone, ExxonMobil affiliates have sourced equipment worth $100 million USD from India. There are plans to scale that significantly,” the company disclosed in a LinkedIn post.
A major area of focus is the potential production of mega modules, which are large pre-assembled structures used in the construction of petrochemical plants and refineries. ExxonMobil said India could build further expertise in this area due to similarities between mega module fabrication and the country’s shipbuilding industry.
Both industries also require heavy engineering capabilities, specialized suppliers, and complex logistics networks involving ports, roads, and rail systems to move large structures and equipment.
The company said India’s manufacturing base could support more complex energy projects as global supply chains continue to develop.
“Domestic manufacturing is a central pillar of India’s Viksit Bharat 2047 vision. And we’ve created our own “Make in India” initiative to help realize that vision,” Exxon said.
ExxonMobil is one of the world’s largest integrated energy companies, with operations spanning exploration, production, refining, chemicals, and global energy infrastructure. In Guyana, the company has built its offshore production system around floating production, storage and offloading (FPSO) vessels constructed by SBM Offshore.
Exxon’s expanding infrastructure footprint in Guyana has supported rapid production growth, with the Liza, Payara, and Yellowtail developments in the Stabroek Block helping to position the country as a major offshore oil producer.
