Hart Energy Publishing

GE Oil & Gas wins $11m contract with OGX of Brazil to supply advanced subsea wellhead technology

Second contract secured by GE under a frame agreement signed in December 2008

June 24, 2009

GE Oil & Gas announced that it has been awarded a contract of more than $11 million to supply four VetcoGray subsea wellhead systems and running tool rentals to OGX Petroleo e Gas Ltda., the largest independent oil company in Brazil.

 

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.

 

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.