GE launches technology collaboration with PEMEX and IMP

GE Oil & Gas, PEMEX, and the Mexico Institute of Petroleum have signed a technology collaboration agreement focused on the oil and gas sector.

Offshore staff

MEXICO CITYGE Oil & Gas (NYSE: GE), PEMEX, and the Mexican Institute of Petroleum (IMP) have signed a technology collaboration agreement focused on the oil and gas sector.

The agreement will initially result in research needed to help PEMEX improve productivity and efficiency in mature onshore fields and to develop deep and ultra-deepwater projects.

Under the pact, GE will collaborate with IMP – which is a public research organization that provides technical solutions and training to PEMEX – on three specific technology areas at the outset, including improving efficiency of a mechanical flow device that could offer PEMEX significant recovery rate benefits in hundreds of wells; increasing the reliability of downhole equipment; and developing monitoring and inspection technologies for subsea equipment.

“GE is committed to Mexico, technology innovation, and partnering with our customers on research and development,” said João Geraldo Ferreira, president and CEO of GE Oil & Gas Latin America. “By offering a wide array of oil and gas technologies, backed by our global network of research labs, we can help Mexico develop the energy resources and energy workforce needed for the 21st century.”

04/29/2014

More in Subsea