GE Oil & Gas Sign GofM Deepwater Contracts

Press Release
Thursday, June 06, 2013

GE Oil & Gas has signed an $84-million agreement with PEMEX Exploration and Production to supply and install subsea wellheads for PEMEX’s deepwater and ultra-deepwater drilling projects in the Gulf of Mexico.

The Gulf of Mexico is a strategic zone for the hydrocarbon industry, since it is estimated to hold more than 50 percent of Mexico’s potential or prospective resources. However, such reserves are located in deepwater and ultra-deepwater sites, and advanced technology is needed to extract those resources for the benefit of the country.

GE Oil & Gas has become a strategic partner both for PEMEX and for Mexico in the search of new hydrocarbon reserves. By designing high-technology subsea wellheads that provide a larger load, pressure capacity and a full-bore design, unique in the market, GE is helping drillers reach greater depths. For the latest PEMEX project, GE will supply SMS800 and DWHC 700 high capacity wellheads; similar GE technology has previously been installed at several other Mexican oil fields including Perdido, Lakach and Kunah.

Carlos Arnoldo Morales Gil, Head of PEMEX Exploration and Production, mentioned the importance of such partnership: “PEMEX uses the most advanced technology in the world; our main goal is to optimize the hydrocarbon reserves and the resources we have. This is one of the reasons we've been using technology and expertise provided by GE Oil & Gas for several years now."

“Our focus is to seek partnerships where GE can offer its expertise to support the economic development of Mexico,” said João Geraldo Ferreira, president and CEO for GE Oil & Gas Latin America. “Mexico has an increasingly strategic position in our company’s global business plans, and PEMEX is one of the most important partners we have.”


 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Chassis Pools for Port of Long Beach

Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Offshore Energy

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0998 sec (10 req/sec)