GE Oil & Gas has secured a four-year framework agreement to provide wellhead equipment and associated services to Statoil with the option of two, two-year extensions.
GE Oil & Gas will provide its DWHC MS-700 SFX and MS-800 SFX wellhead systems to Statoil. The wellhead systems are designed to be a holistic solution to address fatigue and improve operating life based on, field-proven solutions, GE said in a statement on Thursday.
The GE SFX (Standardized Fatigue Resistant Solution) wellhead systems will allow all year operations in regions with in harsh environments, the company has assured.
Rod Christie, CEO of Subsea Systems, GE Oil & Gas, said: “We are delighted to be teaming up with Statoil on this agreement, which further strengthens our relationship. With offshore operations moving into more extreme environments, the need for more cost-efficient and optimized solutions is paramount. Our equipment can lead the industry in extending the life of offshore assets.”
Equipment from GE Oil & Gas will be built in the company’s facilities in Montrose, UK, Houston, Texas, Batam, Indonesia and Jandira in Brazil.