GE surfaces as Chevron subsea contractor

Lorenzo Simonelli  president and chief executive of GE Oil and Gas

Lorenzo Simonelli president and chief executive of GE Oil and Gas

GE Oil and Gas has been granted the long-term subsea services contract for Chevron’s natural gas assets off the northwest coast of Western Australia.

A statement from GE yesterday states that the companies signed a Long Terms Service Agreement in Perth.

GE will provide project management, inventory storage, and preventative maintenance and obsolescence management services to the projects. Engineering analysis, field services, rental tooling, corrective maintenance, wellheads, spare equipment and training have also been flagged as potential additional services as part of the deal.

Lorenzo Simonelli, president and chief executive of GE Oil and Gas, said companies are looking for cheaper, faster and more readily available services.

“Given the current strong headwinds facing the industry, the sector, and the world, is crying out for innovative solutions to extracting, transporting and processing oil and gas,” he said.

“The needs are multiple and competing: faster, cheaper, local, predictable, more efficient, less resource intensive. Most oil and gas sector companies are looking for fresh ways to tackle these challenges, and many are turning to technology.”

The announcement comes after GE and Santos signed service agreements for the GLNG liquefied natural gas plant on 23 July.
The Santos deal will see GE managers monitor abnormalities in the plant’s operations.

Mary Hackett, regional director for GE Oil & Gas, said the lower commodity prices and continued market volatility presented opportunities for oil and gas businesses to invest in new technologies.

“These agreements also represent GE’s overall commitment to the oil and gas sector in Australia, and in Western Australia,” she said.

“We will continue to invest in our technology and learning complex in Jandakot to provide skills development and leadership for the industry, in our dedicated oil and gas facility in Broome, and in the more than 500 people that work across our GE businesses in Western Australia.”

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