An intelligent well system can service three or more zones that have gravel packed screens. A modular system features a screen and a surface controlled production valve on an internal blank pipe that internally straddles the screen. A gravel exit valve is disposed above the blank pipe and the blank pipe can optionally have a fluid loss control valve. A gravel pack/fracturing assembly can engage each module and close the fluid loss valve and gravel outlet valve on the way out of a module. Optionally the fluid loss valve can be eliminated if the gravel packing and fracturing string has the ability to power the production valve. The modules can be connected by wet connects as can the production string to make the intelligent well system functional from the surface.