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GE wins US$165 million contract to supply subsea technology for Chevron Oil Project in West Africa

Wednesday, Oct 31, 2012

GE Oil & Gas (NYSE: GE) today announced it has received a £102 million (US$165 million) contract to supply production equipment to Chevron’s Lianzi project, situated offshore between Angola and the Republic of Congo.

GE will provide a range of technologies to enable EPC (engineering, procurement and construction) project execution. This includes the supply of seven trees, nine subsea control modules (SCMs), topside and subsea controls distribution equipment and vertical connection systems.

Completion of the first tree is scheduled to take place in the fourth quarter of 2013, with a cross-regional team from GE Oil & Gas’ Aberdeen, Nailsea and Sandvika (Norway) sites collaborating on project delivery.

Rod Christie, vice president of Subsea Systems, said, “West Africa is one of the world’s key hydrocarbon basins, and we are excited to be working with Chevron Overseas Congo Limited as operator of the Lianzi project, the first cross-border development in the region. This contract win is not just an expansion of our relationship with Chevron. It represents our product competitiveness in the global marketplace, ongoing commitment to the region and continued demand for our state-of-the-art technology solutions.”

The £1.2 billion (US$2.0 billion) Lianzi development will include a subsea production system and a 27- mile (43 km) electrically heated flowline, the first of its kind at this water depth. The flowline will transport oil from the field to the BBLT (Benguela-Belize, Lobito-Tomboco) platform.

Source: Business Wire 

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