GE Wins More than $600 Million in Contracts to Support Expansion of Brazil’s Pre-Salt Oil and Gas Fields
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Contracts Signed to Date are Worth More than $600 Million
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GE Will Build Propulsion, Dynamic Positioning, Vessel Automation and Drilling Systems for at Least 22 Drillships and Semi-Submersibles Destined to Work in the Region
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GE Technology, Expertise in the Field and Local Production Key to Growth
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Business Expected to Grow as Projects Continue to Expand
PARIS–(BUSINESS WIRE)– GE‘s Power Conversion business (NYS: GE) is proving to be an ideal partner for builders and operators of drillships and semi-submersibles. In the last 12 months, GE has won contracts valued at more than $600 million to provide propulsion systems with customers leading the pre-salt oilfield expansion off Brazil‘s east coast. GE‘s systems will power, propel, navigate, position and control drillships and also power and control the drilling process itself.
Today, GE is in the process of building systems for 22 of the 29 drillships for the current phase of the Brazilian oil and gas exploration by Brazilian energy corporation Petrobras.
“Our advanced power generation, propulsion technology, drilling drives, dynamic positioning (DP) and automation and control systems are being harnessed to improve today’s marine and offshore processes with cleaner, more productive vessels,” says Paul English, GE‘s Power Conversion, marine business leader.
“Vessel builders are coming to GE because it has proven equipment and systems, it has considerable experience in supplying equipment for use in deep domains, it is a flexible engineering partner with very strong technical credentials and has a record of supplying on time and within budget. One of our unique specialities is that we design and deliver complete integrated electrical and control systems packages in house—our single-source approach significantly relieves shipbuilders of much of the technical and commercial risk and effort associated with managing and coordinating multiple individual equipment suppliers.”
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Source: FULL ARTICLE at DailyFinance