Petrobras, GE sign huge contract for subsea wellhead systems to go offshore Brazil

Offshore staff

RIO DE JANEIRO – Petrobras has signed a $1.1-billion contract for subsea wellheads with GE Oil & Gas (NYSE:GE). The contract calls for delivery of 380 wellhead systems and installation tools that will have more than 75% of the parts made in Brazil.

Petrobras reportedly plans to install the subsea wellhead systems in various oil and gas fields offshore Brazil, including subsalt.

The equipment will be produced at the GE plant in Jandira (São Paulo), where GE has invested $30 million to expand production capacity.

“The Jandira facility has been crucial in allowing GE Oil & Gas to provide world-class technology and has prioritized Brazilian-based production, which is a critical component in local social and economic growth,” said Fernando Martins, president of Subsea Systems for GE in Latin America.

9/18/2012

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