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GE Supplying PEMEX with Pressure Control Equipment for New Oilfield Wells in Gulf of Mexico

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GE Co.
25925 Telegraph Dr.
Southfield, MI, 48034
USA



Press release date: June 25, 2014

• GE to Supply PEMEX with Surface Wellheads and Christmas Trees for the Ayatsil Field in the Campeche Sound

 • In Support of Local Content, GE’s Equipment to be Produced at Ecatepec plant in Mexico City

MEXICO CITY – GE Oil Gas (NYSE: GE) today announced it will provide vital surface equipment to Mexico’s national oil company Petróleos Mexicanos Exploración y Producción (PEMEX Exploration and Production) for use at its offshore project in the Ayatsil heavy oil field located in the Campeche Sound, in the Gulf of Mexico.

The multi-year contract includes the installation of GE’s surface wellheads and trees in new wells that will be drilled by PEMEX through the duration of the contract. PEMEX is focused on strengthening oil extraction in the Marine Zone, an area located within territorial waters near the coasts of Campeche, Yucatan and Quintana Roo. PEMEX considers Ayatsil to be one of the fields that will help the company recover the historic production of the zone and continue to increase it in the coming years.

GE’s surface wellheads and trees will be manufactured at the company’s Ecatepec plant in Mexico City, which has been equipped with new high-end manufacturing equipment. Employees at the plant have received the required training to handle this type of advanced technology.

“These surface systems will be manufactured in Mexico, and therefore will have a high degree of local content,” said Antonio Ferreira, general manager, Latin America - Drilling Surface for GE Oil & Gas. “In turn, this will contribute to the national industry’s growth that Mexico is looking to achieve.”

While the Ayatsil offshore project is GE’s largest contract currently underway in the Marine Zone, the company is also working with PEMEX on several other important initiatives. GE recently announced it is teaming up with PEMEX and the Mexico Institute of Petroleum to research and develop technologies to help improve productivity and efficiency in mature fields, develop deep and ultra-deep water projects, and modernize Mexico’s energy infrastructure.

About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.

Media contacts:

GE news
Masto Public Relations
Email: information@mastopr.com

Emily Santopetro
GE Oil & Gas – Pressure Control
Phone: +1 281 921 5410
Email: emily1.santopetro@ge.com

Tom Murnane
Masto Public Relations
Phone: +1 518 786 6488
Email: tom.murnane@mastopr.com

Kate Culman
Masto Public Relations
Phone: +1 518 786 6488
Email: kate.culman@mastopr.com

Alessandra Fonseca
GE Oil & Gas - Latin America
Phone: +55 21 3548 3195
Mobile: +55 21 96901 6669
Email: alessandra.fonseca@ge.com

Marcela Thyse
Ideal Agency Public Relations
Phone: +55 11 4873 7972
Email: marcela.thyse@agenciaideal.com.br  
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