GE Oil and Gas has signed a three-year frame agreement valued at approximately $30m with Shell Brasil for offshore exploration and production projects in Brazil.
The company will supply Shell Brasil’s requirements for subsea drilling systems for all offshore exploratory and development wells to be drilled by Shell Brasil.
Under the agreement, GE will supply 13 MS-700 Slimbore and 13 MS-700 deepwater high capacity (DWHC) systems in which GE MS-700 is the only wellhead system with metal-to-metal sealing, and has demonstrated high reliability for projects offshore Brazil in the market.
Shell Brasil wells delivery manager Suheyl Ozyigit said the new agreement with GE will help us in reaching our ongoing exploration and production goals.
GE Oil & Gas vice president Fernando Martins said we are pleased to be selected to help Shell Brasil achieve its deepwater production goals and further supports our growing role as a technology supplier for projects offshore Brazil.
The drilling is expected to commence until the end of 2013.
The company plans to invest $500m to expand its operations in the country, including the establishment of a multi-disciplinary research and development center in Rio de Janeiro.
