Global Frame Agreement
Includes option to renew for further three years; long-term service agreement awarded
GE and Petronas, a leading Malaysia oil and gas corporation, have signed a seven-year global frame agreement (GFA) in which GE will supply gas turbine packages for Petronas onshore and offshore projects in Malaysia and other countries around the world.
The signing follows the completion of the first frame agreement between the companies signed in 2009, under which GE provided advanced turbo-compression and turbo generation technology for Petronas’ liquefied national gas (LNG) Train 9 project in Bintulu, Sarawak.
GE said another milestone was the award of Petronas’ floating LNG project, which is targeted to be the world’s first offshore LNG plant. Designed to produce 907 185 tonnes/yr of LNG, the facility start-up is scheduled for 2016.
All terms and conditions under the agreement have been negotiated for the duration of the relationship, avoiding the need to negotiate on a project-by-project basis.
Petronas also awarded a long-term service contract to SapuraKencana GE Oil & Gas Services Sdn. Bhd., a joint venture company that GE created with SapuraKencana Berhad for the maintenance of GE turbomachinery.