PRZOOM - /newswire/ -
Houston, TX, United States, 2010/02/03 - GE Energy announced that its Oilfield Technology (OFT) business, has been realigned from GE Energy Services to GE Oil & Gas. NYSE: GE
GE Energy announced that its Oilfield Technology (OFT) business, a technology innovator in the design and manufacture of wireline and drilling measurement solutions for the oilfield services segment, has been realigned from GE Energy Services to GE Oil & Gas.
The move strengthens and expands GE Oil & Gas’ Drilling & Production portfolio offering to customers, extending the business reach with world-class directional drilling, formation evaluation systems and wireline solutions for the exploration and production of oil and gas.
Claudi Santiago, president and CEO, GE Oil & Gas said: “Realigning Oilfield Technology into the GE Oil & Gas family is a logical step, enabling us to better serve our customers and boost our upstream portfolio with complementary technologies. OFT has established a technology leadership role in downhole solutions. I’m confident that customers will continue to benefit from the innovation and systems integration that GE provides across the entire oil and gas value-chain.”
Headquartered in Yateley, Hampshire, U.K., OFT builds on the 30-year product line heritage of the Tensor, Reuter Stokes, Geolink and Sondex businesses. Today, with over 500 employees, OFT has grown to a global footprint of 14 facilities, including manufacturing sites in North America and Europe and sales offices in China and India.
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.
GE (ge.com) 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 Website. GE is Imagination at Work.
Kate Culman, Masto Public Relations
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Masto Public Relations