GE Oil & Gas has announced winning a set of contracts, taking its estimated lifetime combined value of deals to more than $700mn.
The new agreements were announced during GE Oil & Gas annual meeting in Florence, Italy last week.
“We are proud of this strong start to 2016, reflecting the growing pull for our unmatched global fullstream offer and digital industrial capabilities,” Lorenzo Simonelli, GE Oil & Gas president & CEO, said.
“This shows that innovation and flexibility, built on foundations of partnership, advanced insights and technology, continue to resonate with the oil and gas sector. Now more than ever, our customers are looking to GE for the best minds and machines to optimise their technology and operations, from wellhead to refinery,” Simonelli said.
Topping the list of major contract wins for GE Oil & Gas is the long-term, multi-million dollar deal with Petroleum Development Oman (PDO) which is scheduled to come into effect in Q2 2016.
Joining hands with its local partner Edgo, this is GE’s first ever contract awarded by PDO for the provision of integrated integrated reciprocating rod pump equipment (RRP) and related services.
GE Oil & Gas had late last year also signed two other contracts with PDO. As part of the deals, GE Oil & Gas will cover the supply, testing, installation and commissioning of a fleet of electric motor driven centrifugal compressors to be deployed across PDO’s Saih Nihayda Depletion Compression Phase II, Kawther Depletion Compression Phase II, Yibal Khuff Depletion, Burhaan West and Fahud Gaslift Compression projects.
The contract also covers the aftermarket services for these new compressors as well as the existing GE compressor fleet.
GE Oil & Gas second agreement with PDO was to provide training and development support for Omani nationals over the next 10 years.
