Free press releases distribution network?

More news: Energy
Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



GE’s Power Conversion Business Signs Contracts in Excess of $120 Million to Support Petrobras’ Pre-Salt Drilling Program - Brazil is one of the world’s largest oil producers, and its national oil company Petrobras has plans for $224 billion in capital expenditures from 2011 to 2015[1] (NYSE: GE) - GE-Energy.com
GE’s Power Conversion Business Signs Contracts in Excess of $120 Million to Support Petrobras’ Pre-Salt Drilling Program

 

PRZOOM - /newswire/ - Rugby, United Kingdom, 2012/09/28 - Brazil is one of the world’s largest oil producers, and its national oil company Petrobras has plans for $224 billion in capital expenditures from 2011 to 2015[1] (NYSE: GE) - GE-Energy.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• New Semisubmersible Drilling Rig Program is Part of Petrobras’ Initiatives for Pre-Salt Drilling Activity;
• GE to Supply Power and Propulsion and Drilling Drive Technology for Six Rigs.

To support Petrobras’ initiatives for pre-salt drilling, GE’s Power Conversion business (NYSE: GE) today announced it has been selected by Keppel Offshore & Marine Ltd, a leading designer and builder of high-performance mobile offshore rigs, to supply the electrical power generation, thruster and drilling drive technology for six new semisubmersible drilling rigs for Brazil.

GE’s electrical systems contribute significantly to the rig’s efficient and effective performance in the challenging deep waters off Brazil’s east coast. In the challenging waters of the Brazilian offshore, reliability is fundamental to operations and was thus a key factor in the decision to choose Power Conversion technology.

Keppel Offshore & Marine Ltd. recently announced that it had secured contracts from Sete Brasil Participações S.A. for the design and construction of semisubmersible drilling rigs based on Keppel’s proprietary DSS™ 38E design. With the first rig scheduled to enter service in the fourth quarter of 2015, the deepwater drilling rigs will support the exploration of Brazil’s estimated 50 billion barrels of deep-sea oil and gas reserves.

A recent report by the International Energy Agency’s monthly Oil Market Report forecasts world oil demand reaching 95 million barrels per day in 2016. By 2020, if Brazilian production plans are realized, Brazil could be providing as much as 8 percent of the world’s oil supply.

One of the major benefits of Power Conversion’s diesel electric power and propulsion technology is the flexibility to place components, such as diesel generator sets, switchboards and drives at their most efficient location. Besides an efficient layout, it also is easy to create separated compartments to fulfill safety and redundancy requirements. Combined with redundant power and control cabling to and from all electrical systems, this creates an optimal installation that will meet the most stringent regulatory requirements. It is possible to design a vessel so that flooding or fire in a specific compartment will not lead to a blackout of the total propulsion system or power supply system. Controlled-specified operation can continue to ensure the safety and availability of the vessel.

“The flexibility and configurability of our electric power and propulsion system means that operators can grab all the advantages of multiple levels of redundancy and convert them into improved vessel availability without having to pay an unreasonable penalty in terms of weight, machinery space and capital equipment cost.” said Paul English, marine leader, GE’s Power Conversion business. “Our advanced power generation, motor and drive technologies, like those being used in this project with Keppel FELS, are being harnessed to help improve today’s marine and offshore processes for a cleaner, more productive vessel.”

U.K. Trade and Investment Minister Lord Green, speaking in Rio de Janeiro during a U.K. trade mission to Brazil, reflected on the importance of the deal: “I congratulate GE Energy’s Power Conversion business for securing new business in Brazil’s offshore. Getting more companies exporting is a crucial part of the Government's plan for growth. “

Significant elements of the equipment delivery for these rigs will be delivered locally through GE’s Brazilian manufacturing units to provide timelier, cost-effective solutions to the expanding Brazilian offshore and shipbuilding industries.

GE’s equipment will be delivered in phases between 2012 and 2016.

Developing the Pre-Salt Area of Brazil
This new project will enable the development of the pre-salt area in Brazil, which is a part of the Petrobras Initiatives. “Pre-salt” refers to a formation of rocks located offshore in a large portion of the Brazilian coast, which have the potential to generate and accumulate oil. It is called pre-salt because the rock has formed under an extensive layer of salt, which in certain areas of the coast can be as much as 2,000 meters thick. The “pre” expression is used because through time, these rocks were deposited before the salt layer. The oil reservoirs themselves can be up to 5,000 meters below sea level.

Extending 500 miles across the Santos, Campos and Espirito Santo basins, Brazil’s pre-salt fields hold an estimated 10 billion to 16 billion barrels. Exploration and recovery of these reserves will require the construction of around 40 new drilling vessels (drill ships and semisubmersibles) between now and 2020.

GE acquired Power Conversion (then known as Converteam) in September 2011. GE’s Power Conversion business applies the science and systems of power conversion to help drive the electric transformation of the world’s energy infrastructure. Designing and delivering advanced motor, drive and control technologies that evolve today’s industrial processes for a cleaner, more productive future, it serves specialized sectors such as energy, marine, industry and all related services. To learn more, please visit ge-energy.com/electrifyingchange.

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.

For further information concerning the new GE project please join our phone conference call on October 1 at 10 am (BST) and dial +44 (0) 1452 55 55 66 (conference code: 35187292).

[1] economist.com/node/21536570

PRESS Contacts
Carsten Ritter, GE Power Conversion, Communications
P: +49 (0) 307 622 3173 - E: carsten.ritter[.]converteam.com.

Gina DeRossi, Masto Public Relations
P: +1 518 786 6488 - E: Gina.derossi[.]mastopr.com.

Howard Masto, Masto Public Relations
P: +1 518 786 6488 - E: howard.masto[.]ge.com.

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

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE’s Power Conversion Business Signs Contracts in Excess of $120 Million to Support Petrobras’ Pre-Salt Drilling Program

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GE News Center |
Contact: Paul Floren - GE Energy 
+33(0)6 20 71 14 21 paul.floren[.]ge.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Electric Company / Company Profile


Read Energy Most Recent Related Press Releases:

GE’s First Power Services Remote Monitoring and Diagnostics Center in Asia Pacific Enables Increased Performance through Analytics
Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today