PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE’s Field-Proven and Flexible Technology to Help OGX Develop Offshore Brazil Oil Fields - GE Oil & Gas has been awarded a major contract from OGX Petróleo e Gás Ltda to supply drilling and production equipment for 3 offshore fixed production platforms to be deployed in the Waimea & Waikiki oil and gas fields of the Campos Basin, offshore Brazi
GE’s Field-Proven and Flexible Technology to Help OGX Develop Offshore Brazil Oil Fields

 

NewswireToday - /newswire/ - Rio de Janeiro, Brazil, 2011/09/20 - GE Oil & Gas has been awarded a major contract from OGX Petróleo e Gás Ltda to supply drilling and production equipment for 3 offshore fixed production platforms to be deployed in the Waimea & Waikiki oil and gas fields of the Campos Basin, offshore Brazi. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• GE Oil & Gas Wins Major Contract to Supply Subsea and Surface Equipment for OGX Campos Basin Development Projects;
• Technology Solution to Help OGX Boost Initial Production from Waimea and Waikiki Fields.

GE Oil & Gas (NYSE: GE) has been awarded a major contract from OGX Petróleo e Gás Ltda. to supply drilling and production equipment for three offshore fixed production platforms to be deployed in the Waimea and Waikiki oil and gas fields of the Campos Basin, offshore Brazil, where OGX plans to drill a significant number of production wells over the next four years.

With a total potential estimated value of US$230 million over the next four years, of which US$32 million on formal orders has been already signed and booked as of today, this is the largest contract ever signed between GE Oil & Gas and OGX and the first one involving the supply of equipment specifically for development projects already in the production phase.

As a key part of the agreement, GE will provide a subsea template/tieback design that will allow OGX to have full flexibility between wells pre-drilled with semi-submersible rigs and wells drilled directly from the fixed platforms. This capability will help OGX to boost initial production of the Waimea and Waikiki fields by maximizing the use of the pre-drilled wells. GE’s template design has been field-proven in similar projects in West Africa.

“Our goal was to find a viable technology solution that gave us maximum flexibility in the development of the Waimea and Waikiki fields, and GE was able to meet that challenge,” said Reinaldo Belotti, production development director of OGX. “We are confident that GE’s continuing support and timely deliveries will be an important factor in the long-term success of this project,” reinforced Belotti.

The Waimea and Waikiki fields are located 60 kilometers off the coast of Rio de Janeiro, in water depths ranging from 120 to 140 meters.

GE Oil & Gas is committing to 80 percent local content in fulfilling the contract, with most of the subsea equipment to be built at GE plants in Jandira and Macaé, Brazil. Surface equipment will be partially supplied from GE facilities in Houston, Texas. Shipments will begin in the first quarter of 2012 and continue until the end of 2015.

“This is a major strategic win for GE Oil & Gas in Brazil, resulting from 13 months of outstanding teamwork among various GE business units and OGX,” said Calixto Deberaldini, Brazil oil and gas sales manager for GE. “The agreement builds upon our already strong relationship with OGX, which is one of our most important global customers,” emphasized Fernando Martins, Latin America vice president for GE Oil & Gas.

This latest agreement with OGX reinforces GE’s role as a leading supplier of subsea drilling systems for offshore operators in Brazil. Since 2007, the GE drilling and production business has provided more than 300 subsea wellhead systems to 15 different operators for projects offshore Brazil.

GE also has announced plans to invest US$500 million to expand its operations in the country, including the establishment of a multi-disciplinary research and development center in Rio de Janeiro. Among the focus areas for the new center will be advanced technologies for the oil and gas sector. In addition, GE’s recent acquisition of Wellstream, a leading producer of flexible pipe equipment, significantly expands GE’s capabilities to serve the Brazilian offshore market.

OGX is responsible for the largest private sector exploratory campaign in Brazil. Since its inception in June 2007, OGX has established a leading position in the Brazilian oil and natural gas exploration and production sector by acquiring a diversified portfolio comprised of 34 exploratory blocks—22 offshore and 12 onshore.

About GE
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

PRESS Contacts
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

GE news, Masto Public Relations / E: information[.]mastopr.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE’s Field-Proven and Flexible Technology to Help OGX Develop Offshore Brazil Oil Fields

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Fabio Pianini - GE Oil & Gas 
+39 055 423 8872 fabio.pianini[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

GE Hitachi Nuclear Energy and Bechtel Form Decommissioning Alliance
GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ
GE, Borusan EnBW Enerji, Fina Enerji and Özgül Holding Sign MoU for YEKA in Turkey

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)