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GE Signs Frame Agreements with Statoilhydro

Posted on January 30, 2008

GE Oil & Gas has secured two frame agreements with a total value of more than US$300 million to supply compression equipment and services to StatoilHydro, a global energy group based in Norway. The contracts cover the delivery of complete gas turbine and electric motor driven compressor sets, compressor revamp bundles, commissioning, capital and operational spares for high-pressure, gas re-injection applications, and services and maintenance activities of new and existing machines.

Under the new frame agreement, equipment will be manufactured at GE Oil & Gas facilities in Florence and Massa, Italy. Shipments are expected to begin in early 2009, while the first start-ups are anticipated for the 2010-2011 timeframe. The GE compressor sets will operate with discharge pressures in the range of 250 bar and up. Drivers will include electric motors and gas turbines with outputs of 10 to 60 MW.

The frame agreement for services will be supported by the GE Oil & Gas Global Services group in Florence, along with service centers in Norway and other global locations. Services will be provided for all existing and future installations of GE equipment.

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