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First Order for New GE Oil & Gas VetcoGray SVXT S-Series Subsea Tree - SVXT to Drive Installation and Cost-Efficiency of Future Production in UK and Dutch Sectors of Southern North Sea Oil and Gas Fields
First Order for New GE Oil & Gas VetcoGray SVXT S-Series Subsea Tree

 

PRZOOM - /newswire/ - Houston, TX, United States, 2010/02/01 - SVXT to Drive Installation and Cost-Efficiency of Future Production in UK and Dutch Sectors of Southern North Sea Oil and Gas Fields. NYSE: GE

   
 
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GE Oil & Gas’ Drilling and Production business today confirmed the first order for its breakthrough new VetcoGray SVXT S-series subsea tree. GE is supplying Shell U.K. Ltd with the new SVXT tree.

Alongside earlier front-end engineering design (FEED) work undertaken on behalf of Shell U.K. Ltd and Nederlandse Aardolie Maatschappij B.V. (NAM), this order is awarded under GE’s existing regional frame agreement with Shell. The SVXT will be delivered to Shell in the fourth quarter of 2010 and installed in the first quarter of 2011.

Jan Duinhoven, SWEEP project manager for Shell NAM, said: “Reliable, more compact and cost effective solutions are required in the mature Southern North Sea, to be able to profitably develop the remaining gas accumulations.”

Matt Corbin, regional leader U.K. and continental Europe, GE Oil & Gas said: “Designed and built in Aberdeen, the new SVXT S-Series subsea tree’s lighter, more streamlined structure is a great example of the reliable innovation mindset underpinning GE’s entire drilling and production portfolio. We’re proud to be continuing our partnership with Shell U.K. and NAM through the first order for the new SVXT.”

The SVXT S-Series VetcoGray subsea tree was recently unveiled at the 2009 Offshore Europe Oil & Gas Conference and Exhibition held in Aberdeen in September. The SVXT merges horizontal and vertical tree technology and is intended for harsh, shallow water fields, predominantly in the North Sea but also for global export. The streamlined SVXT design reduces tree weight by over 20 percent, significantly decreases height and delivers essential functionality in a pre-engineered, pre-configured 'modular' approach. Low-cost installation of the new SVXT is achieved through a design that enables deployment using standard offshore jack-up drilling rigs without the need for major modifications.

Additional SVXT design features include smaller tree and fisher-friendly wellhead protection structures, as well as an innovative barrier approach that removes the need for a separate tree cap.

GE Oil & Gas Drilling and Production offers a full range of integrated subsea solutions, including trees, controls, manifolds, connection systems, subsea power and processing. All of these systems are designed to provide competitive lead times, reliability and lowest installed cost. With 20 years of operating experience in harsh environments, GE’s VetcoGray shallow-water tree systems are an established industry benchmark.

About GE Oil & Gas
GE Oil & Gas (ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. We also provide pipeline integrity solutions, including inspection and data management. As part of our 'Innovation Now' customer focus and commitment, GE Oil & Gas leverages technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 100 countries.

About GE
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health, to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company’s Web site at www.ge.com. GE is Imagination at Work.

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

Nigel O'Connor
GE Oil & Gas
P: +44 20 7302 6941
M: +44 7766 115 135 (mobile)
E: nigel.o'connor[.]ge.com

Attention Editor
Masto Public Relations
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First Order for New GE Oil & Gas VetcoGray SVXT S-Series Subsea Tree

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