• Reinforces GE Role as a Major Supplier for North Sea Projects;
• Valiant Causeway Ltd. Sets Aggressive Schedule; Production by 2nd Half 2012;
• Equipment to be Built in Aberdeen.
Reinforcing its position as a leading supplier of subsea technology for North Sea oilfield projects, GE Oil & Gas (NYSE: GE) announced at Offshore Europe 2011 that it will provide subsea production equipment to Valiant Causeway Ltd. for the development of the Causeway Field.
GE will supply two subsea production trees, one subsea water injection tree system, rental tooling and installation services for the project, located in the northern sector of the North Sea. The equipment will be manufactured at GE Oil & Gas facilities in Aberdeen, Scotland.
“We are committed to commence production in the second half of 2012, and installation of the subsea tree system is planned to begin in May of 2012,” said Bryan Atchison, project manager of Valiant Causeway. “This is a very aggressive schedule and a close working relationship has been established between GE and Valiant to ensure that we are able to meet all of the project requirements.”
The Causeway Field is being developed using subsea production technology with a tie-back to the existing North Cormorant Platform. The reservoir development strategy is to maintain production with the use of electrical submersible pumps (ESPs) and water injection. The Causeway Field will comprise one oil-producing well, one contingent oil-producing well and one water-injection well.
“This contract demonstrates GE’s strong position and ability to provide reliable technology that is designed to facilitate the installation process,” said Matt Corbin, regional leader—United Kingdom and continental Europe for GE Oil & Gas. “Our subsea tree systems are based on extensive field experience and feature well-proven interfaces with the power cables and dual ESPs to be installed in the wells.”
GE Oil & Gas 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, benchmark reliability and lowest installed cost. With 20 years of operating experience in harsh environments, GE’s subsea tree systems are an established industry benchmark.
Valiant Causeway is part of Valiant Petroleum plc, an exploration and production company with a primary focus on the U.K. and Norwegian continental shelves.
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.
GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, 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; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.
Howard Masto, Masto Public Relations
P: +1 518 786 6488 / E: howard.masto[.]ge.com.
GE news, Masto Public Relations / E: information[.]mastopr.com.