GE secures subsea orders

GE Oil & Gas has been issued orders to supply seven subsea tree and wellhead systems, utilising the VetcoGray MHXT tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited (Maersk Oil) for deployment in the UK North Sea. The total value of the awards is expected to be approximately US$ 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 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 standardised scope of supply designed to enhance manufacture and minimise manufacturing time and cost for the duration of the agreement.

Further expanding its technology presence in Brazil’s deepwater exploration and production sector, GE Oil & Gas has received two contracts with a combined value of more than US $50 million to supply a total of 171 subsea wellhead and installation tooling systems to Petrobras. The equipment will be deployed in Petrobras’ Campos and Santos basins projects offshore Brazil.

The new contract awards were negotiated as part of GE’s ongoing three year frame agreement with Petrobras for the supply of subsea wellhead systems. Under the first contract, GE will supply 40x MS-700 and 16x MS-800 subsea wellhead systems, scheduled for delivery between June 2011 and June 2012. Under the second award, GE will supply 80x MS-700 and 35x MS-800 subsea wellhead tooling systems, scheduled for delivery between September 2011 and November 2012. The equipment will be manufactured at GE Oil & Gas’ Jandira facility in Sao Paolo, Brazil.

Published on 02/02/2011

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