Petroleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras' fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service and repairs on over 300 exploration and 250 production tools, as well as retrofitting six subsea production trees each year with GE advanced technology.
GE Oil & Gas Awarded 4-Year, $120M Subsea Service Contract to Maintain ... - MarketWatch (press release)
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GE will conduct the service program from its Macae Service Center, located in Rio de Janeiro state, which is currently undergoing a $30M investment refurbishment and expansion. The 91,000 sq. meter facility, which employs over 200 highly skilled employees, will be capable of state-of-the-art inspection, maintenance, repair, spares parts, rental tools and field services for capital drilling, subsea wellhead systems, and subsea production and controls equipment. The frame service agreement builds on the announcement this week that Petrobras has awarded GE's Wellstream business a long-term, $200M-plus flexible pipe and subsea equipment logistics services contract to be supported from a dedicated new 55,000 sq. metre, $90M investment Logistics Base that GE will build adjacent to Wellstream's existing manufacturing site in Niteroi, 14 kms outside Rio de Janeiro.GE Oil & Gas Awarded 4-Year, $120M Subsea Service Contract to Maintain ... - MarketWatch (press release)
