GE Oil & Gas Awarded Over $300 Million Subsea Equipment Contract from Petrobras

abarrelfull wrote on 19 Sep 2014 11:42
Tags: brazil ge petrobras s-america services

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GE Oil & Gas (NYSE: GE) today announced a more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 feet (2,000 meters).

This award includes eight manifolds that will be designed with retrievable injection modules to allow water-alternated gas injection for up to four wells, and system integration with subsea controls.

“This contract illustrates how GE Oil & Gas has expanded its portfolio of solutions to support development of Brazil’s pre-salt fields,” said Rod Christie, CEO of Subsea Systems for GE Oil & Gas. “Our company has developed solutions that are standardized around a series of pre-approved modules to meet our customers’ specific local needs.”

The equipment will be manufactured in Brazil, reinforcing the company’s commitment to comply with local content requirements.

“GE Oil & Gas has an enduring partnership with Petrobras to support the development technologies and solutions to support offshore operations in Brazil, especially pre-salt. We work to strengthen the relationship and support Petrobras’ challenges,” said Patricia Vega, President and CEO of GE Oil & Gas for Latin America.

In 2012, GE signed a frame agreement for delivery of subsea wellheads for pre-salt fields. With a complete portfolio, GE Oil & Gas is a world leader in advanced technologies and services for the oil and gas industry

• [ GE Oil & Gas Awarded Over $300 Million Subsea Equipment Contract from Petrobras]

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