FLORENCE, Italy –GE Oil & Gas (NYSE:GE) has made a number of announcements at its annual meeting.
Angola joint venture.GLS Holding S.A. and GE Oil & Gas have formed a joint venture in support of Angola’s growing oil and gas operations. GE-GLS Oil & Gas Angola Ltd. Plans to build a new subsea equipment manufacturing facility in Soyo, province of Zaire. The National Agency for Private Investment in Angola has approved the agreement and an initial investment of $175 million is proposed by the partners. The new facility is scheduled to begin operating in two years. For additional information on industry activity in Angola, click here.
Iraq technology center.GE Oil & Gas also announced the establishment of a new technology and service center near Basra City. In addition to being a base for the supply of pressure control equipment, the new center provides a range of services including installation and maintenance, testing, inspections, repair, and storage. Future services will include complete non-destructive testing, machine, welding and heat treatment, blasting and painting, and API certification and recertification. For more on Iraq, click here.
HP/HT services to India. GE Oil & Gas will supply high-pressure/high-temperature drilling and production equipment and services to Cairn India for development of the offshore Ravva oil and gas field. GE will provide HP/HT exploration wellheads, mudline systems, spare units, and services. The scope of GE’s supply includes API 6A-qualified HP/HT wellheads capable of operating at 15,000 psi and 350oF temperature with metal sealing technology, coupled with a mudline system. This allows metal sealing pack-off and cementing the casing before proceeding to the next stage of drilling.