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GE Announces New Natural Gas Production Project in Latin America - GE’s Advanced Compressor Technologies to Help Develop New Gas Reserves in Bolivia
GE Announces New Natural Gas Production Project in Latin America

 

PRZOOM - /newswire/ - Florence, Italy, 2014/02/03 - GE’s Advanced Compressor Technologies to Help Develop New Gas Reserves in Bolivia. NYSE: GE

   
 
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GE Oil & Gas today announced that TOTAL S.A., a leading global oil and gas company with operations in more than 50 countries, will install two of GE’s ecomagination qualified single-stage Integrated Compressor Line (ICL) units to help boost natural gas development in Bolivia. This contract is the first order in Latin America for GE’s advanced ICL compressor technology as well as with TOTAL.

TOTAL will use two single-stage ICL units for a new compressor station at the Incahuasi project in the Ipati-Aquio Block, a key new onshore project that will enhance natural gas development in Bolivia. The Incahuasi project is part of the Bolivian government‘s strategy to boost its natural gas reserves and comply with export contracts with Brazil and Argentina.

“The choice of this technology compared to conventional compressor equipment fully corresponds to TOTAL’s strategy of deploying integrated high-speed induction motor-driven compressor technology for upstream applications, whenever this is feasible, as it brings greater operational and environmental benefits, which is the case for our Incahuasi development activities,” said Bernard Quoix, head of TOTAL E&P Rotating Machinery.

Jointly developed by GE Power Conversion and GE Oil & Gas, GE’s ICL compressor technology is driven by a high-speed electric motor rather than a gas turbine. As a result, it generates zero emissions, offering crucial environmental benefits over conventional compressors.

With these two units in Latin America, GE now has sold 26 ICL units globally. The ICL orders reflect a growing shift to natural gas from other fuel sources, a trend that is expected to continue in the coming decades as natural gas is expected to account for 26 percent of the world’s primary energy supply by 2025.

“TOTAL selected our electric motor-driven compressors instead of using small gas turbines as the drivers based on operational benefits such as lower emissions, reliability and installation cost savings. We are pleased the first installation in Latin America of our ICL units will be for TOTAL’s Bolivian project,” said João Geraldo Ferreira, president and CEO for GE Oil & Gas Latin America.

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.

About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future.

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

Tom Murnane, Masto Public Relations
P: +1 518-786-6488 - E: tom.murnane[.]mastopr.com.

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

 
 
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GE Announces New Natural Gas Production Project in Latin America

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