Orders for Technology and Services Worth more than $80 Million
FLORENCE, Italy--28 May 2009-- GE Oil & Gas, a world leader in oil and gas advanced technology equipment and services, announced today that a consortium consisting of GE Oil & Gas and ABB has won two contracts collectively worth more than $80 million to supply compressors, electrical systems and services for the Abu Dhabi Company for Onshore Oil Operations (ADCO). The equipment will be used for new gas lift and gas injection facilities at the Asab and Sahil fields respectively, which are required for each of the two fields to achieve their production targets.
Owned 60% by the Abu Dhabi National Oil Company and 40% by Shell, Total, BP, ExxonMobil and Partex, ADCO is targeting to increase its production to 1.8 million barrels per day.
By combining their resources and experience, GE Oil & Gas and ABB were able to win both contracts against strong competition, offering a broad technology package that meets the oil production and recovery requirements of the Asab and Sahil projects.
"By leveraging our experience in working with extremely resistant and advanced technology materials for compressor components, we are able to provide equipment capable of handling the highly sour and corrosive gas compositions of these fields," said Joe Mastrangelo, vice president- turbomachinery for GE Oil & Gas. "Our expertise in gas lift and gas injection applications gives ADCO the confidence that our products can meet the challenges of these projects."
GE Oil & Gas is supplying centrifugal compressors for the gas lift project at Asab and the gas injection project at Sahil. ABB, a global leader in power and automation technologies, is supplying the variable speed drive system (VSDS) electrical scope, including motors, transformers and converters.
The projects will be commissioned in the fourth quarter of 2012.
About ABB
ABB's Process Automation division delivers integrated solutions for control, plant optimization, and industry-specific application knowledge and services to help process industry customers worldwide meet their critical business needs in the areas of operational profitability, capital productivity, risk management and global responsibility. These industries include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals, minerals, marine and turbocharging.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 120,000 people.
About GE Oil & Gas
GE Oil & Gas (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. We also provide pipeline integrity solutions, including inspection and data management. As part of our 'Innovation Now' customer focus and commitment, GE Oil & Gas leverages technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 70 countries.
About GE
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.
For more information contact: Nigel O'Connor GE Oil & Gas t: + 44(0) 207 302 6941 e: Nigel.O'Connor@ge.com
Sara Hassett GE Oil & Gas t: +39 055 423 3361 e: sara.hassett@ge.com
Ken Darling Masto Public Relations t: +1 518 786 6488 e: kenneth.darling@ge.com
Tom Murnane Masto Public Relations t: + 1 518 786 6488 e: tom.murnane@mastopr.com
Attention Editor e: information@mastopr.com Company Information: Name: GE Oil & Gas Address: 3135 Easton Turnpike City: Fairfield, State: CT ZIP: 06828-0001 Country: USA Phone: 055-423-8280 http://www.ge.com
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