PRZOOM - /newswire/ -
Houston, TX, United States, 2010/10/05 - GE Oil & Gas and Allied Wireline Services, LLC (Allied) have signed a long-term partnership agreement dedicated to serving customers in the global wireline logging industry. NYSE: GE
According to the agreement, signed through the Downhole Technology unit of GE Oil & Gas, drilling & production, Allied will purchase a broad range of logging tools and related equipment from GE, and the companies will cooperate in the continued development of GE’s Open-Hole Ultrawire Formation Evaluation tool suite. In addition, GE will provide Allied with comprehensive technical and services support from its established facilities in the United States, Canada and the United Kingdom.
Jim Junker, general manager—downhole technology, drilling & production, GE Oil & Gas said: “Allied is an excellent partner for us. The agreement will help both companies meet longer-term growth objectives by leveraging GE’s technology and services expertise in downhole solutions and Allied’s rapidly expanding presence in the market. This announcement strengthens our offering to customers by providing even greater access to our wireline logging solutions for the exploration and production of oil and gas.”
Larry Albert, president and chief executive officer, Allied Wireline Services commented: “Allied’s goal is to meet the formation evaluation and reserve exploitation needs of our customers by providing high-quality technical information in a service responsive manner. Our partnership with GE, given its world-class product and service capabilities, will enable us to provide our logging and downhole information services more efficiently for customers. We look forward to working together and developing the partnership.”
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, and design and manufacture wire-line and drilling measurement solutions for the oilfield services segment. As part of our 'Innovation Now' customer focus and commitment, GE Oil & Gas exploits 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 news, Masto Public Relations / E: information[.]mastopr.com.
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.
David Otte, Allied Wireline Services
P: +1 713 343 7280 / E: david.otte[.]alliedwireline.com.