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GE to Provide Equipment to Develop Brazil’s Santos Oil Basin, One of the World’s Largest Oil Reservoirs - GE Oil & Gas (NYSE: GE) has been selected to provide key equipment for a floating oil production, storage and offloading (FPSO) platform being built to develop the Guará Norte section of the Tupi oilfield in Brazil’s Santos oil basin
GE to Provide Equipment to Develop Brazil’s Santos Oil Basin, One of the World’s Largest Oil Reservoirs

 

PRZOOM - /newswire/ - Florence, Italy, 2012/01/30 - GE Oil & Gas (NYSE: GE) has been selected to provide key equipment for a floating oil production, storage and offloading (FPSO) platform being built to develop the Guará Norte section of the Tupi oilfield in Brazil’s Santos oil basin. NYSE: GE

   
 
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• Multimillion-Barrel Santos Field will Catapult Brazil into Front Ranks of World’s Oil Producers;
• GE to Provide Power Generation and Compression Equipment;
• GE has Substantial and Growing Brazil Operations.

The multimillion-barrel deep-water Santos formation lies some 300 kilometers (190 miles) offshore Rio de Janeiro, and its output is expected to transform Brazil into one of the world’s leading oil producers and exporters.

GE will supply the FPSO’s builder, SBM Offshore, with four GE LM2500+G4 aeroderivative gas turbines, two turbocompressor trains driven by GE PGT25 gas turbines for carbon dioxide (CO2) compression and six EM driven GE compressors, along with related services, by the end of 2012. The FPSO will work in waters 2,300 meters (7,545 ft) deep and is designed to process 150,000 barrels per day (bpd) of production fluids; to treat 6,000, 000 m3/day of associated gases for CO2/hydrogen sulphide removal and compression; and to inject 180,000 bpd water into the ground. Delivery is set for 2014 under a 20-year lease to the consortium developing Guará Norte: Petroleo Brasileiro S.A. (Petrobras), BG E&P Brasil LTDA and Repsol Sinopec Brasil S.A.

GE has a substantial and growing presence in Brazil to serve the oil and gas sector. GE plants in Jandira and Macaé support the large fleet of GE aeroderivative gas turbines working offshore and provide state-of-the-art inspection, maintenance, repair, parts, tools and engineering services for drilling and for subsea wellhead, production and control systems. GE also has announced it will invest US$500 million to expand its Brazilian operations, including the establishment of a multi-disciplinary research and development center in Rio de Janeiro to pursue advanced technologies for the oil and gas sector, among other areas. Moreover, GE’s acquisition of Wellstream, a leading producer of flexible pipe equipment, significantly expands GE’s capabilities to serve the Brazilian offshore market from Wellstream’s Rio de Janeiro base.

“This project is an important step in the development of Brazil’s oil and gas industry, and we are pleased to have been chosen,” said Prady Iyyanki, vice president—turbomachinery, GE Oil & Gas. “GE was able to offer all required compression and power generation services, and the company’s presence in Brazil helped to make it possible to meet the project’s demanding requirements for product delivery and support.”

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 100,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

PRESS Contacts
Kate Culman, Masto Public Relations
P: +1 518 786 6488 / E: kate.culman[.]mastopr.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

GE news, Masto Public Relations / E: information[.]mastopr.com.

 
 
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GE to Provide Equipment to Develop Brazil’s Santos Oil Basin, One of the World’s Largest Oil Reservoirs

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