GE Oil & Gas has signed a Long Term Service Agreement with Chevron Australia to provide subsea services for the company’s operated natural gas assets located off the northwest coast of Western Australia.
The agreement expands GE’s services footprint for oil and gas projects in the region, with a focus on Industrial Internet offerings.
GE will supply a range of services including project management, inventory storage, preventative maintenance and obsolescence management.
Additional services on demand will include engineering analysis, field services, rental tooling, corrective maintenance, wellheads, spare equipment and training.
“Given the current strong headwinds facing the industry, the sector, and the world, is crying out for innovative solutions to extracting, transporting and processing oil and gas,” president and CEO of GE Oil & Gas Lorenzo Simonelli said.
“The needs are multiple and competing: faster, cheaper, local, predictable, more efficient, less resource intensive. Most oil and gas sector companies are looking for fresh ways to tackle these challenges, and many are turning to technology.”
GE regional director Mary Hackett said the company is proud to expand their relationship with Chevron, and to provide Industrial Internet services that will support operational efficiency and productivity.
“Lower commodity prices and continued market volatility present an opportunity for businesses to invest in technology to help them get the most out of their assets. We are seeing this trend play out across the sector,” she said.
GE recently signed another service agreement with Santos GLNG Ltd for its liquefied natural gas plant on Curtis Island, off the coast of Gladstone.
Under the Santos agreement, GE plant managers will receive a notification if a machine is behaving abnormally, allowing for it to be investigated and addressed, and avoiding any unplanned downtime.
“These agreements also represent GE’s overall commitment to the oil and gas sector in Australia, and in Western Australia,” Ms Hackett added.
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