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Aberdeen, Scotland, 2011/02/01 - GE Oil & Gas is pleased to announce it has been issued orders to supply seven subsea tree and wellhead systems, utilizing the VetcoGray MHXT tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited (Maersk Oil) for deployment in the U.K. NYSE: GE
The total value of the awards is expected to be approximately $20 million.
The orders are made under a frame agreement signed with Maersk Oil which runs for a five-year period. Under the agreement, GE Oil & Gas continues to supply subsea wellheads, trees and tubular products to Maersk Oil for exploration and development projects.
The subsea trees will be manufactured at the GE Oil & Gas plant in Aberdeen, Scotland, and the SG-5 wellhead systems will be manufactured at the Montrose service facility, Scotland. These systems are set for a phased delivery commencing September 2011.
Frame agreements provide a standardized scope of supply designed to enhance manufacture and minimize manufacturing time and cost for the duration of the agreement.
GE Oil & Gas is a major supplier of subsea hardware to the oil and gas Industry and looks forward to supporting Maersk Oil in its ongoing development requirements over the next five years.
About GE Oil & Gas
GE Oil & Gas (ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. GE Oil & Gas also provides pipeline integrity solutions, including inspection and data management, and design and manufacture wire-line and drilling measurement solutions for the oilfield services segment. As part of its 'Innovation Now' customer focus and commitment, GE Oil & Gas exploits technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 100 countries.
GE (ge.com) is a diversified infrastructure, finance and media company taking on the worlds toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide.
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.
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