GE scoops service agreement with Transocean

GE Oil & Gas has signed a new contractual service agreement, worth around $180 million, with the offshore drilling contractor, Transocean.

GE said on Wednesday that the agreement, signed at the end of 2016, entails condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 to 12 years.

Lorenzo Simonelli, president and CEO of GE Oil & Gas, said: “This agreement builds on the new service model we introduced last year to address today’s industry shift toward maximizing productivity and lowering operating costs while also maintaining operating flexibility.”

The agreement will see GE’s digital capabilities shift from event and calendar-based maintenance to condition-based monitoring and maintenance. GE believes that its work on parts forecasting and service scheduling will allow Transocean to optimize operations by planning and minimizing between-well maintenance.

Transocean also recently inked two, 10-year pressure control equipment management service contracts, worth more than $350 million, with Cameron, a Schlumberger company.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply