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GE and ZKMK Sign Oil and Gas Equipment Services Agreement to Support Kazakhstan and Central Asian Growth - GE Oil & Gas has signed a long-term technology transfer and license agreement with JSC ZKMK, for the servicing of GE’s fleet of oil and gas turbomachinery equipment installed in the Republic of Kazakhstan and the Central Asia region
GE and ZKMK Sign Oil and Gas Equipment Services Agreement to Support Kazakhstan and Central Asian Growth

 

PRZOOM - /newswire/ - Astana, Kazakhstan, 2010/07/26 - GE Oil & Gas has signed a long-term technology transfer and license agreement with JSC ZKMK, for the servicing of GE’s fleet of oil and gas turbomachinery equipment installed in the Republic of Kazakhstan and the Central Asia region. NYSE: GE

   
 
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GE Oil & Gas has signed a long-term technology transfer and license agreement with JSC ZKMK, the leading Kazak precision engineering plant operator, for the servicing of GE’s fleet of oil and gas turbomachinery equipment installed in the Republic of Kazakhstan and the Central Asia region.

According to the agreement, signed through GE Oil & Gas’ Italian entity Nuovo Pignone S.p.A., ZKMK will perform repair services on GE’s range of high efficiency, high performance gas turbines and centrifugal compressors installed in Kazakhstan and neighboring countries, including Kyrgyzstan, Turkmenistan, Uzbekistan and Azerbaijan.

Claudi Santiago, president and CEO, GE Oil & Gas said: “Our agreement with ZKMK reflects GE’s ‘company to country’ localization commitment, providing our customers in Kazakhstan and Central Asia with greater access to our world-class oil and gas engineering services expertise. ZKMK is a highly regarded Kazak engineering champion and a great partner for GE. Working together, we will deliver a compelling oil and gas services offering to ensure that the mission-critical equipment GE supplies to customers in Kazakhstan and across Central Asia is maintained at peak performance.”

Alibi Akhmedzhanov, general director, JSC ZKMK said: “This agreement is good news for oil and gas operators across Kazakhstan and Central Asia who now have unrivalled, localized access to GE’s world-class engineering capabilities. In addition, together with GE, we are pleased to be able to support the local Kazakhstan economy through the development of local skills, training and technical expertise on a sustainable basis.”

GE Oil & Gas will provide ZKMK with the technical training and services necessary to support a world-class, localized services operation. In exchange, ZKMK will invest in the modification of its Uralsk manufacturing facility to ensure that GE Oil & Gas’ installed fleet in the region, which includes over 50 gas turbines and 40 centrifugal compressors, can be maintained at peak performance levels for customers.

The agreement supports the companies’ intention to jointly finalize a gas turbine localization strategy to produce, assemble, supply and service the GE10/2 11-plusMW range of gas turbines in Kazakhstan and the Central Asia region.

GE’s gas turbine and compressor units are vital to infrastructure development projects across Central Asia, including oil and gas production and transportation, refinery and petrochemical industry applications, and fuel gas boosting.

About JSC ZKMK - Zapadno-Kazakhstanskaya Mashinostroitelnaya Kompania

ZKMK is a precision engineering plant operator specializing in highly technological complex parts production, assembly, repair and maintenance for the oil, gas, processing and power industries. ZKMK implements projects of any degree of complexity under the terms of EPC contracting: from design, manufacturing and supply of the required equipment to installation, putting into operation and servicing.

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 (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit ge.com/.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together 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; and other alternative fuels.

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

Eugenia Shipova, Kazakhstan, Russia and Central Asia
P: +7 (985) 111 27 83 / E: eugenia.shipova[.]mmd.ru

Attention Editor
Masto Public Relations
E: information[.]mastopr.com

 
 
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GE and ZKMK Sign Oil and Gas Equipment Services Agreement to Support Kazakhstan and Central Asian Growth

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