GE Oil & Gas wins $50 million in Petrobras subsea equipment orders

GE Oil & Gas won two contracts with a combined value of more than $50 million to supply a total of 171 subsea wellhead and installation tooling systems to Petrobras. The equipment will be deployed in Petrobras’ Campos and Santos basins projects offshore Brazil. The new contract awards are part of GE’s ongoing three-year frame agreement with Petrobras for the supply of subsea wellhead systems.

Under the first contract, GE will supply 40 MS-700 and 16 MS-800 subsea wellhead systems, scheduled for delivery between June 2011 and June 2012. Under the second award, GE will supply 80 MS-700 and 35 MS-800 subsea wellhead tooling systems, scheduled for delivery between September 2011 and November 2012. The equipment will be manufactured at GE Oil & Gas’ Jandira facility in Sao Paolo, Brazil.

GE’s MS-700 and MS-800 subsea wellhead systems are field-proven drilling systems that feature increased operating efficiency. The system’s increased casing load capacity allows operators to run longer strings, enabling larger diameter holes to go deeper, reaching pay zones with bigger production strings. The MS-800 subsea wellhead system builds on the field-proven design of the MS-700, both with sealing technology and with running and testing tools.