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GE, Statoil Dive Deep

Companies sign two, five-year agreements involving equipment, services for onshore, offshore projects

Posted on May 8, 2013
This is an artist rendering of GE's SeaSmart offshore package.

This is an artist rendering of GE's SeaSmart offshore package.

GE Oil & Gas will supply turbomachinery equipment, as well as services, to support Statoil Petroleum AS onshore and offshore projects in Norway, thanks to two five-year frame agreements signed by the companies.

Under the agreement, which also covers Statoil’s global activities between 2013 and 2018, GE Oil & Gas Global Services will support the new equipment sold to Statoil and also provide aftermarket products for Statoil’s installed fleet of GE turbomachinery equipment (more than 150 GE machines). The service agreement includes spare parts, upgrades and repair service as well as field service engineers and training.

The new equipment agreement includes extension options up to 10 years and the services agreement includes extension options for up to 25 years. GE’s manufacturing facilities in Florence and Massa, Italy, will manufacture the compressor equipment and also handle the packaging of the LM6000 and LM2500 family aeroderivative gas turbines supplied by GE Power & Water’s plant in Cincinnati, Ohio, U.S.A.

GE’s first equipment order under the agreement has the company supplying machinery for the Aasta Hansteen field in the North Sea. The order includes a LM6000 mechanical drive aeroderivative gas turbine – the first installation for an offshore application in the industry – and GE’s SeaSmart offshore package, which features an LM2500 SG DLE aeroderivative gas turbine for power generation, GE said.

Aasta Hansteen is a deepwater development in the Norwegian Sea. According to Statoil, total recoverable reserves for Aasta Hansteen, previously called Luva, are preliminarily estimated at about 47 BBscm (standard cubic meters) of gas and 0.8 MMscm of condensate.