PRZOOM - /newswire/ -
Florence, Italy, 2011/09/20 - GE Oil & Gas (NYSE: GE) is supplying an innovative, integrated package of pumps, gas engines and additional equipment to BP Iraq-N.V. for produced water re-injection operations to increase production in the Rumaila oil field of southern Iraq. NYSE: GE
• GE Units Team Up to Offer Pumps, Gas Engines and Related Equipment;
• An Agreement with BP Iraq-N.V. for More than $40 Million.
To fulfill the customer’s diverse technology requirements, GE Oil & Gas called upon other GE Energy resources including Waukesha gas engines and Bently Nevada’s condition monitoring product lines.
“The innovative engineering approach used for this project featured the integration and packaging of several GE products, namely pumps, gas engines, gas systems, valves and air coolers. GE is proud to be able to offer our customers such an integrated solution for produced water re-injection as part of production enhancement plans for the Rumaila Field,” said Prady Iyyanki, president and CEO—turbomachinery equipment for GE Oil & Gas.
The scope of GE’s contract, valued at more than $40 million, included 10 high-pressure, axially split pumps for water injection driven by 10 gas engines, six booster pumps driven by electric motors, two gas system stations for feeding and conditioning and auxiliaries including air coolers, control valves and air starting systems. The equipment will be shipped during the second half of 2012.
Other critical features of the GE agreement with BP Iraq-N.V. include: a single contact point for the entire bundle of equipment, one manufacturer for the entire package to reduce technology alignment issues, an optimized scope of work to reduce installation time and an integrated approach that allows the customer to save money and time in the project management phase.
To date, about 50 productive oil and gas reservoirs have been identified across Iraq, with Rumaila being the most productive. After years of unrest, the country’s oil industry is showing strong signs of growth and promise.
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 Management 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.
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