Global Oil & Gas Markets: GE Oil & Gas awarded over $300 million subsea equipment contract from Petrobras

GE Oil & Gas has announced a more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 feet (2,000 meters). This award includes eight manifolds that will be designed with retrievable injection modules to allow water-alternated gas injection for up to four wells, and system integration with subsea controls.

‘This contract illustrates how GE Oil & Gas has expanded its portfolio of solutions to support development of Brazil’s pre-salt fields,’ said Rod Christie, CEO of Subsea Systems for GE Oil & Gas. ‘Our company has developed solutions that are standardized around a series of pre-approved modules to meet our customers’ specific local needs.’

The equipment will be manufactured in Brazil, reinforcing the company’s commitment to comply with local content requirements.

‘GE Oil & Gas has an enduring partnership with Petrobras to support the development technologies and solutions to support offshore operations in Brazil, especially pre-salt. We work to strengthen the relationship and support Petrobras’ challenges,’ said Patricia Vega, President and CEO of GE Oil & Gas for Latin America.

In 2012, GE signed a frame agreement for delivery of subsea wellheads for pre-salt fields. With a complete portfolio, GE Oil & Gas is a world leader in advanced technologies and services for the oil and gas industry.