GE AEROSPACE 
By - Multimillion-Barrel Santos Field will Catapult Brazil into Front Ranks of World's Oil Producers
- GE to Provide Power Generation and Compression Equipment
- GE has Substantial and Growing Brazil Operations
FLORENCE, ITALY-January 30, 2012-GE Oil & Gas (NYSE: GE) has
been selected to provide key equipment for a floating oil
production, storage and offloading (FPSO) platform being
built to develop the Guará Norte section of the Tupi oilfield
in Brazil's Santos oil basin. The multimillion-barrel
deep-water Santos formation lies some 300 kilometers (190
miles) offshore Rio de Janeiro, and its output is expected to
transform Brazil into one of the world's leading oil
producers and exporters.
GE will supply the FPSO's builder, SBM Offshore, with four GE
LM2500+G4 aeroderivative gas turbines, two turbocompressor
trains driven by GE PGT25 gas turbines for carbon dioxide
(CO2) compression and six EM driven GE compressors, along
with related services, by the end of 2012. The FPSO will work
in waters 2,300 meters (7,545 ft) deep and is designed to
process 150,000 barrels per day (bpd) of production fluids;
to treat 6,000,000 m3/day of associated gases for
CO2/hydrogen sulphide removal and compression; and to inject
180,000 bpd water into the ground. Delivery is set for 2014
under a 20-year lease to the consortium developing Guará
Norte: Petroleo Brasileiro S.A. (Petrobras), BG E&P Brasil
LTDA and Repsol Sinopec Brasil S.A.
GE has a substantial and growing presence in Brazil to serve
the oil and gas sector. GE plants in Jandira and Macaé
support the large fleet of GE aeroderivative gas turbines
working offshore and provide state-of-the-art inspection,
maintenance, repair, parts, tools and engineering services
for drilling and for subsea wellhead, production and control
systems. GE also has announced it will invest US$500 million
to expand its Brazilian operations, including the
establishment of a multi-disciplinary research and
development center in Rio de Janeiro to pursue advanced
technologies for the oil and gas sector, among other areas.
Moreover, GE's acquisition of Wellstream, a leading producer
of flexible pipe equipment, significantly expands GE's
capabilities to serve the Brazilian offshore market from
Wellstream's Rio de Janeiro base.
"This project is an important step in the development of
Brazil's oil and gas industry, and we are pleased to have
been chosen," said Prady Iyyanki, vice
president-turbomachinery, GE Oil & Gas. "GE was able to offer
all required compression and power generation services, and
the company's presence in Brazil helped to make it possible
to meet the project's demanding requirements for product
delivery and support."
About GE
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and the best technologies taking on the toughest challenges.
Finding solutions in energy, health and home, transportation
and finance. Building, powering, moving and curing the world.
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visit the company's website at www.ge.com.
GE also serves the energy sector by providing technology and
service solutions that are based on a commitment to quality
and innovation. The company continues to invest in new
technology solutions and grow through strategic acquisitions
to strengthen its local presence and better serve customers
around the world. The businesses that comprise GE Energy-GE Power & Water, GE
Energy Management and GE Oil & Gas-work together with more
than 100,000 global employees and 2010 revenues of $38
billion, to provide integrated product and service solutions
in all areas of the energy industry including coal, oil,
natural gas and nuclear energy; renewable resources such as
water, wind, solar and biogas; as well as other alternative
fuels and new grid modernization technologies to meet 21st
century energy needs.
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