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GE Oil & Gas Awarded Contract For Gorgon Project

Posted on October 22, 2009

GE Oil & Gas announced that it has been awarded a competitive bid, worth over US$400 million, to deploy advanced liquefied natural gas (LNG) technology for the development of Gorgon, one of the world’s largest untapped natural gas fields, which also features a large carbon-dioxide (CO2) sequestration technology project.

GE will supply Chevron with equipment to fulfill Gorgon’s LNG production and CO2 sequestration, as follows: Three main refrigerant compression trains required for Gorgon’s production of 15 million tonnes per annum (MTPA) LNG – equating to three shipments a week leaving Gorgon’s purpose-built LNG loading jetty; and, six compression trains required to drive Gorgon’s carbon dioxide sequestration (C02) project.

The Gorgon Project’s estimated economic life is at least 40 years from the time of start-up. In addition to natural gas supply for domestic Australian use, Gorgon is critical to meeting Asia’s growing need for cleaner energy. To date the Gorgon partners have signed sale and purchase agreements for LNG export into Japan and South Korea, the world’s two largest LNG import markets, as well as India and China.

The Gorgon natural gas fields are located at Barrow Island, around 130 km off Western Australia. Gas will be extracted and delivered via subsea and underground pipelines to gas treatment and liquefaction facilities on Barrow Island's south east coast.

For more information: www.ge.com

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