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September 17, 2014

GE Oil & Gas secures subsea equipment contract from Petrobras

GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm Petrobras.

GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm Petrobras.

Under the contract, GE Oil & Gas (GE) will deliver the subsea manifold systems for Petrobras’ pre-salt fields, located offshore Brazil in water depths up to 6,500ft.

"This contract illustrates how GE Oil & Gas has expanded its portfolio of solutions to support development of Brazil’s pre-salt fields."

The deal requires GE to deliver eight manifolds that will be designed with retrievable injection modules to allow water-alternated gas injection for up to four wells and system integration with subsea controls.

GE will manufacture the contract’s equipment in Brazil as part of its commitment to comply with local content needs.

GE Oil & Gas subsea systems CEO Rod Christie said: "This contract illustrates how GE Oil & Gas has expanded its portfolio of solutions to support development of Brazil’s pre-salt fields.

"Our company has developed solutions that are standardised around a series of pre-approved modules to meet our customers’ specific local needs."

GE signed a frame agreement in 2012 to supply subsea wellheads for pre-salt fields.

Petrobras said the most productive oil wells in Brazil are in the pre-salt fields.

Located in the Sapinhoá field, in the Santos Basin, the best well in the country produces an average of 34,000 barrels per day.

The well is one of four interconnected to FPSO Cidade de São Paulo, which reached its maximum capacity of 120,000 barrels per day in July.

As of July, the Santos Basin pre-salt areas had 28 producing wells, 13 in the Santos Basin and 15 in the Campos Basin.

By late 2018, 20 new platforms are anticipated to be deployed in the region, of which 19 will be in the Santos Basin.

Energy

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