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GE Oil & Gas to supply equipment to PetroVietnam
GE Oil & Gas Drilling & Production Technology has inked deal with Bien Dong Petroleum Operating Co, a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), to supply equipment for offshore drilling.
The recently-signed $30 million deal has marked the largest single contract for surface wellheads and subsea trees in Vietnam by any international equipment manufacturers.
Under a contract, GE will provide 16 sets of high-pressure, high-temperature (HPHT) surface wellheads and subsea production trees, along with associated equipment and services, for deployment in Phase 1 of the development for blocks 05.2 and 05.3 of the Hai Thach and Moc Tinh gas fields.
The high-tech equipment, with the capability to operate at 350°F and 15,000 psi, is a first for Vietnam. The contract follows GE's recent agreement with Total Malaysia to supply ultra HPHT equipment (450° F and 15,000 psi).
"GE hopes to build on this contract award by continuing to support Vietnam's burgeoning oil and gas industry with high-tech, high-performance equipment and services from across our integrated oil and gas portfolio," Sam Aquillano, vice president of drilling & production under GE Oil & Gas said.
GE Oil & Gas has a local presence in Hanoi for turbomachinery equipment and services and in Ho Chi Minh City for VetcoGray subsea equipment and services.
It also provides advanced technology equipment and services to other high-profile projects in Vietnam, such as the BP Pipeline, Dung Quat Refinery, Phu My Refinery, Camau Fertilizer and Vietsovpetro.
Last year, GE signed a memorandum of understanding (MOU) with PetroVietnam, paving the way for the future supply of advanced oil and gas equipment, services and spare parts to optimize the total life-cycle value of key oil and gas projects in Vietnam.
The contract further affirms GE's position as a significant wellhead and subsea production tree supplier for surface HPHT and ultra HPHT equipment in Asia and follows a recent award with Total Malaysia for ultra HPHT equipment (450°F and 15,000 psi).
GE Oil & Gas specializes 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.
It also provides pipeline integrity solutions, including inspection and data management, and designs and manufactures wire-line and drilling measurement solutions for the oilfield services segment.
The US-based GE operates in more than 100 countries and employs about 300,000 people worldwide.
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