GE plans to collaborate with Devon Energy Corporation to advance technology for oil and gas production. The agreement is for development of artificial lift systems to enhance flow from production wells. The technology partnership will also help improve drilling technologies and water treatment solutions.
"Breakthrough technologies in natural gas have radically transformed the global energy landscape over the past decade," Mark Little, chief technology officer of GE, said in a statement. "We look at innovation through a broad lens."
GE expects to test the new technologies at its Global Research Center (GRC) in Oklahoma City, Oklahoma. The $110 million center is part of the company's strategy to triple research and development investment for oil and gas technologies.
"Through increased R&D investment, the creation of tech hubs, like Oklahoma City and Rio de Janeiro, and new partnership models, we are getting closer to our customers and bringing best-in-class technologies to market quicker," GE Oil and Gas President Lorenzo Simonelli said.
GE and Devon Energy are also partnering to test natural gas-fired generators in oil-producing sections of Mississippi, according to The Oklahoman.