NewswireTODAY - /newswire/ - Houston, TX, United States, 2016/09/09 - GE Oil & Gas has signed a major agreement with MODEC to supply and service gas turbines for FPSOs in Brazil - GEOilandGas.com. NYSE: GE

• GE Oil & Gas signs service agreement to maintain equipment on six FPSOs;
• The FPSOs will benefit from advanced monitoring & diagnostics made possible by GE Oil & Gas’s big data analytics capabilities;
• The contract will cover maintenance for 27 gas turbines on MODEC operated FPSOs in Brazil.

GE Oil & Gas has signed a major agreement with MODEC, an owner/operator and EPCI general contractor of floating production systems including Floating Production Storage and Offloading (FPSO), to supply and service gas turbines for FPSOs in Brazil.

MODEC ordered GE gas turbines for eight FPSOs based in Brazil and signed an overall maintenance contract with varying durations for each vessel, reaching up to 3 maintenance cycles for gas turbines on six FPSOs. The contractual service agreement will include data analytics for advanced monitoring and diagnostics, helping to improve equipment availability and operational efficiency.

It is one of GE’s largest ever service agreement for FPSOs to date and represents a new milestone for the offshore industry.

“The announcement of this contract underscores GE’s wealth of maintenance experience working with gas turbines and is testament to our advanced analytics expertise and physical presence in Brazil,” said Maria Sferruzza, General Manager Turbomachinery Solutions Services.

GE Oil & Gas and MODEC have developed a long term relationship, reflected in the length of the contract. The FPSOs are owned by consortiums comprised of MODEC and its partners, and also MODEC provides operation and maintenance services for those fleets.

GE Oil & Gas has a base in Petropolis, enabling it to undertake repair work onshore where necessary to reduce turnaround time.

There is a growing trend in the FPSO segment towards entering into long-term contractual service agreements for FPSOs as opposed managing maintenance on a single event basis. The use of Digital Solutions in the contract will allow MODEC to maximize operation efficiency and production output as well as reducing manpower requirements offshore.

About GE Oil & Gas

GE Oil & Gas (geoilandgas.com) works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future.

Agency / Source: General Electric Company

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