GE Wins $200M Petrobras Contract

Thursday, June 16, 2011

GE (NYSE: GE) Oil & Gas has announced that its Wellstream business, acquired in March, has been awarded a long-term, flexible pipe and subsea equipment logistics services contract by Petróleo Brasileiro S.A. (Petrobras), one of the largest companies in Latin America which also controls significant energy assets in 18 countries worldwide. The long-term contract is initially valued in excess of $200M.

To perform the long-term contract, GE will build a dedicated 55,000 sq. meter, $90M investment Wellstream flexible pipe and subsea equipment Logistics Base in Niterói, a commercial hub located 14 kms outside Rio de Janeiro. Petrobras will use the new facility to support its development of pre-salt oil and gas field projects in the Campos and Santos basins offshore Brazil.

The new Logistics Base will be strategically positioned close to a number of Petrobras components and services suppliers and adjacent to GE-Wellstream’s existing Niterói manufacturing facility which supplies Petrobras and other operators in Brazil with high-quality, flexible risers and flowline products for oil and gas transportation subsea.

As well as dedicated warehouses, de-washing and flushing stations, the new facility will feature state of the art loading and handling equipment, including: capacity to store 140 reels, to handle loaded reels with 300 tonnes, and to berth installation and commercial vessels simultaneously with 8.5 meters draft and 220 meters in length. The project will create approximately 250 direct jobs and 250 indirect jobs by the start of its operation in the third quarter of 2012.

GE Oil & Gas has an established presence in Brazil and serves its deepwater segment with integrated drilling & production subsea equipment and services, as well as high-tech unit and modular gas turbines and compressors solutions for fixed & FPSO applications.

In March, GE completed its $1.3 billion acquisition of Wellstream, a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry. The transaction broadened GE Oil & Gas’ extensive subsea production systems equipment and service capabilities and positions GE for continued growth in key deepwater regions worldwide, including Brazil, Africa and Asia.

GE will open a new $100M investment Global Research Center in Rio de Janeiro in 2012.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

Thrustmaster Names Pineda Director of Sales and Marketing

Marcela Pineda has been promoted to Director of Sales and Marketing at Thrustmaster of Texas.   Pineda, a graduate of the University of Texas at Austin, is a

SENER Presents at SNAME Convention

SENER presents the module for the ship General Arrangement definition in FORAN SENER took part once again in the Annual Society of Naval Architects and Marine Engineers (SNAME) Convention in the U.

Contracts

Fire Departments Choose Sea-Fire Systems

Metalcraft Marine's Firestorm high-speed, aluminum fireboat represents a new generation in vessel technology, especially when fitted with Sea-Fire H Series engineered fire suppression systems.

Russian Liftings for Western Options at 12-Year Low

By Gleb Gorodyankin MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year

Overwhelming Support for ‘Hit the HMT Target!’

Today, the American Association of Port Authorities (AAPA) applauded a “Dear Colleague” letter to the leadership of the Senate Committee on Appropriations that was signed by 22 senators,

Energy

Energy’s Promising Future Threatened

Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Marine Materials

Terex Scoops 2 IBJ Awards

Terex® Quaymate M50 mobile harbour crane is Crane of the Year – Dr. Mathias Dobner honored Rotterdam/Düsseldorf, 24 November 2014 – Terex Port Solutions (TPS)

Fincantieri Sign MoUs with Carnival & CSSC

Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line,

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Marine Equipment

Thrustmaster Names Pineda Director of Sales and Marketing

Marcela Pineda has been promoted to Director of Sales and Marketing at Thrustmaster of Texas.   Pineda, a graduate of the University of Texas at Austin, is a

Fire Departments Choose Sea-Fire Systems

Metalcraft Marine's Firestorm high-speed, aluminum fireboat represents a new generation in vessel technology, especially when fitted with Sea-Fire H Series engineered fire suppression systems.

New Hamburg Süd Ships to Feature Nacos Platinum Systems

L-3 SAM Electronics has announced  that, via its L-3 Marine Systems Korea subsidiary, it has been awarded a contract to provide its NACOS Platinum navigation, automation and control system,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage 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: 0.1521 sec (7 req/sec)