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GE Oil & Gas Wins OGX Contract To Supply Advanced Subsea Wellhead Technology

Posted on June 24, 2009

GE Oil & Gas has been awarded a contract of more than US$11 million to supply four VetcoGray subsea wellhead systems and running tool rentals to Brazil's OGX Petroleo e Gas Ltda. The order, the second received by GE under a four-year frame agreement with OGX signed in December 2008, will include the first two VetcoGray MS-800 subsea wellhead systems to be delivered in Brazil.

The VetcoGray MS-800 fullbore subsea wellhead system is designed to help drillers reach deepwater targets in such promising regions as the U.S. Gulf of Mexico and offshore Brazil. The system’s increased casing load capacity allows drillers to run longer strings, enabling larger diameter holes to go deeper, reaching pay zones with bigger production strings. Higher pressure capacity also allows the MS-800 to withstand the higher geological formation pressures that come with deeper production.

OGX is currently operating nine exploratory blocks in the Campos and Santos Basins, offshore Brazil, where several subsea exploratory wells will be drilled within the next three years. The two VetcoGray MS-800 systems, plus two VetcoGray MS-700 systems also included in the new order, will be installed in those areas. Overall, OGX has the exploration rights in 22 offshore high-potential blocks for a four-year exploratory drilling campaign that could include up to 51 wells offshore Brazil, with the potential to significantly increase Brazil’s oil discoveries.

All of the equipment for the new order with OGX will be supplied by the Drilling & Production business of GE Oil & Gas and will be manufactured at the company’s facilities in Jandira, Sao Paulo state and Macaé, Rio de Janeiro state, Brazil. The wellhead systems will be delivered to OGX by December 2009

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