GE Oil & Gas announces multiple contract awards for offshore work

Jan. 30, 2012
GE Oil & Gas has summarized a number of recent offshore project development contracts.

Offshore staff

FLORENCE, Italy –GE Oil & Gas has summarized a number of recent offshore project development contracts.

GE Oil & Gas will supply rotating equipment, subsea production systems, and connectors for theIchthys LNG project offshore northwestern Australia for more than $1 billion. Some of that total includes onshore hardware.

Ichthys is a joint venture between INPEX (76%, the operator) and Total (24%). Gas from the Ichthys, in the Browse basin approximately 200 km (124 mi) offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then go to onshore processing facilities in Darwin via an 889-km (552-mi) subsea pipeline.

Ichthys is expected to produce 8.4 million tons of LNG and 1.6 million tons of LPG per annum, along with approximately 100,000 b/d of condensate at peak.

GE will provide rotating equipment, including gas turbines and compressors, for a new LNG plant at Blaydin Point, near Darwin, and associated floating production storage and offloading and a central processing facility in the Browse basin. In addition, GE will supply subsea production systems for the offshore portion of the project as well as subsea connectors for the pipeline to Darwin.

In the North Sea, GE will supply surface and subsurface production equipment and controls for theNexen Golden Eagle development with a contract that could reach $170 million over the life of the project.

Golden Eagle will comprise a combined production, utilities, and accommodation platform linked to a separate wellhead platform, with 16 platform-based wells, a phased subsea well development, and associated in-field and export pipeline infrastructure.

Under one contract, GE will supply wellheads, christmas trees, and additional equipment for subsea and platform applications.

Under a separate contract, GE will provide subsea control systems, including GE’s latest SemStar5 subsea electronics modules.

The project schedule calls for equipment to be shipped this year and installed during 2013, with commercial production to begin in late 2014.

GE also announced its selection bySBM Offshore to provide equipment for an FPSO to be used at the Guará Norte section of the Tupi oil field in deepwater Santos basin offshore Brazil.

GE will supply the four LM2500+G4 aeroderivative gas turbines, two turbocompressor trains driven by GE PGT25 gas turbines for CO2 compression and six EM driven GE compressors, along with related services, by the end of 2012.

The FPSO will work in waters 2,300 m (7,545 ft) deep and is designed to process 150,000 b/d of production fluids; to treat 6 MMcm/d associated gases; and to inject 180,000 b/d water. Delivery is set for 2014 under a 20-year lease to the consortium developing Guará Norte: Petroleo Brasileiro S.A. (Petrobras), BG E&P Brasil LTDA, and Repsol Sinopec Brasil S.A.

01/30/2012

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