Product News: Mining, Oil Drilling & Refining

Subsea Oil Tree is suited for harsh, shallow waters.

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Press Release Summary:

September 24, 2009 - Merging horizontal and vertical tree technology, VetcoGray S-Series SVXT delivers essential functionality in pre-engineered, pre-configured, modular manner. Design enables deployment using standard offshore jack-up drilling rigs without requiring major modifications. Features include smaller tree and fisher-friendly wellhead protection structures as well as barrier approach that removes need for separate tree cap. SemStar5-powered ModPod control system is also included.

GE Oil & Gas

3135 Easton Turnpike, Fairfield,, CT, 06828-0001, USA

Original Press Release

GE Oil & Gas Launches New VetcoGray SVXT S-Series Subsea Tree

Press release date: September 8, 2009

New, Simplified Design Delivers Significant Installation, Maintenance and Cost Benefits for Shallow-Water Operators Globally

ABERDEEN, SCOTLAND - September 08, 2009 - GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, has launched the new VetcoGray S-Series SVXT subsea tree at the Offshore Europe Oil & Gas Conference and Exhibition, being held from 8-11 September 2009 in Aberdeen, Scotland.

The new VetcoGray S-Series SVXT subsea tree merges horizontal and vertical tree technology, reducing weight by 20%, decreasing height, and also delivering essential functionality in a pre-engineered, pre-configured 'modular' way. Low-cost installation of the new SVXT is achieved through a design that enables deployment using standard offshore jack-up drilling rigs without the need for major modifications.

Speaking at a launch reception to unveil the SVXT tree, Manuel Terranova, senior vice president, Subsea Product Platform, GE Oil & Gas said: "Designed and manufactured in Aberdeen, Scotland the new VetcoGray SVXT S-Series Subsea Tree is destined for harsh shallow waters, predominantly in the North Sea but also for export globally. The SVXT is a breakthrough in advanced pre-engineering functionality and will provide our customers with significant installation, maintenance and cost benefits by virtue of its modern, streamlined design which will dramatically improve cycle time."

New SVXT design features include smaller tree and fisher-friendly wellhead protection structures, as well as an innovative barrier approach that removes the need for a separate tree cap. The SVXT comes with GE's award-winning SemStar5-powered ModPod as standard control system, along with service and analysis packages, including flow-assurance, riser analysis and other valuable elements.

GE Oil & Gas offers a full range of integrated subsea solutions, including trees, controls, manifolds, connection systems, subsea power and processing. All of these systems are designed to provide competitive lead times, benchmark reliability and lowest installed cost. With 20 years of operating experience in harsh environments, GE's VetcoGray shallow-water tree systems are an established industry benchmark.

Check out the new VetcoGray S-Series SVXT subsea tree at GE Oil & Gas' Offshore Europe Booth #1077 - or find out more at www.ge.com/oilandgas

VetcoGray SemStar5: GE Oil & Gas has developed the VetcoGray SemStar5, a fifth generation subsea electronics module, for first deployment by StatoilHydro's Tordis Vigdis Controls Modification (TVCM) project in the North Sea, west of Norway. Featuring a modular design approach, SemStar5 offers new levels of open architecture IP-enabled communication capabilities and infrastructure to support the higher bandwidth requirements of modern instrumentation, while also offering high reliability. The VetcoGray SemStar5 is being developed and manufactured at GE Oil & Gas' facilities in Nailsea, U.K. along with VetcoGray ModPod subsea control modules, and will be shipped to the project site in Norway for installation offshore in 2010 and 2011.

The VetcoGray SemStar5 was awarded a 'Spotlight on New Technology Award' at this year's Offshore Technology Conference.

GE Oil & Gas in Scotland: GE Oil & Gas is a major employer in Scotland with around 800 people in Scotland and more than 1,400 Drilling & Production employees across the UK. Scottish sites include: Silverburn House - a headquarter building, housing a state of the art employee and customer training facility; Broadfold Road - a world-class subsea tree assembly and test site; and, Montrose - a new $5million investment controls servicing facility that will employ 130 personnel and become the hub of GE Oil & Gas' European, Global Services business supporting North Sea and Northern European customers.

About GE Oil & Gas The GE Oil & Gas business (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 100 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 +44 (0) 776 611 5135 nigel.o'connor@ge.com

Jordan Harkins Fifth Ring for GE Oil & Gas +44 1224 626 288 jordan@fifthring.com

Chau Nguyen GE Oil & Gas +1 713 458 3629 chau.nguyen@ge.com

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