GE Wins US$165 Million Contract to Supply Subsea Technology for Chevron Oil Project in West Africa
Deal Builds on GE Existing Relationship with Operator Chevron
Equipment is for Lianzi Project, Offshore Between Angola and Republic of the Congo
FLORENCE, Italy--(BUSINESS WIRE)-- GE Oil & Gas (NYS: GE) today announced it has received a £102 million (US$165 million) contract to supply production equipment to Chevron's Lianzi project, situated offshore between Angola and the Republic of Congo.
GE will provide a range of technologies to enable EPC (engineering, procurement and construction) project execution. This includes the supply of seven trees, nine subsea control modules (SCMs), topside and subsea controls distribution equipment and vertical connection systems.
Completion of the first tree is scheduled to take place in the fourth quarter of 2013, with a cross-regional team from GE Oil & Gas' Aberdeen, Nailsea and Sandvika (Norway) sites collaborating on project delivery.
Rod Christie, vice president of Subsea Systems, said, "West Africa is one of the world's key hydrocarbon basins, and we are excited to be working with Chevron Overseas Congo Limited as operator of the Lianzi project, the first cross-border development in the region. This contract win is not just an expansion of our relationship with Chevron. It represents our product competitiveness in the global marketplace, ongoing commitment to the region and continued demand for our state-of-the-art technology solutions."
The £1.2 billion (US$2.0 billion) Lianzi development will include a subsea production system and a 27- mile (43 km) electrically heated flowline, the first of its kind at this water depth. The flowline will transport oil from the field to the BBLT (Benguela-Belize, Lobito-Tomboco) platform.
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About GE Oil & Gas
GE Oil & Gas 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 designs and manufactures wire-line and drilling measurement solutions for the oilfield services segment.
As part of its 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 35,000 people worldwide and operates in more than 100 countries.
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KEYWORDS: Angola Congo United States Europe North America New York Africa Italy
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