GE Oil & Gas Awarded $160 million Contract by Petrobras Neatherlands BV

Jul 23, 2010, 4:31PM EST
GE Oil & Gas Awarded $160 million Contract by Petrobras Neatherlands BV
GE O&G has been awarded a contract valued at $160 million to supply gas turbine and compressor equipment by Petrobras Neatherlands BV (PNBV).

The equipment will be deployed on two FPSOs (P-58 and P-62) for E&P in oil fields located in Brazilian offshore plays. This important $160 million contract is related to power generation and compressor equipment packages to be deployed on two Petrobras FPSO units slated to work the north side of the Parque das Baleias (Whale Park) O&G fields and at the Roncador field at the Campos Basin. These combined will support production of 360,000 barrels of oil per day. The FPSOs are scheduled to go online in 2013.
Joe Mastrangelo, vice president—turbo machinery for GE Oil & Gas said: “We’re delighted to strengthen our already solid partnership with Petrobras with this double award for power generation and compression packages. As part of our optimum value solution, we are able to design reliable technology with reduced weights and dimensions to improve the performance and efficiency of both Petrobras floating production units.”
Under the award, GE Oil & Gas will supply eight 31.1 MW PGT25+ gas turbine generator sets and 12 compressor trains (either LP or HP) for the two vessels of up to 200 bar discharge pressure for natural gas export/gas lift. In addition, GE Oil & Gas also will contribute relevant local content participation by supplying both the electric generator and the electric motors for the P58 and P62 projects from the Brazilian market. Finally, GE Oil & Gas will provide technical advice for onsite installation and startup and training to support both plants. The equipment will be manufactured in Florence, Italy, with full load string and performance tests conducted at GE’s production site in Italy. This is an important contract for GE O&G as it comprises a significant amount of maritime equipment awarded to a single manufacturer.
The Brazilian maritime machinery manufacturers are definitely hoping to be awarded contracts of this magnitude, and it is expected by machinery industry representatives that this will happens once national content policies are applied to heavy maritime machinery, although decisions on new policies for the industry are likely to be left for after the Brazilian presidential elections to be held next November.
 
Claudio Paschoa
Photo courtesy GE Oil & Gas
 
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