GE Oil & Gas has signed a Long Term Service Agreement (LTSA) with Chevron Australia to provide subsea services for the Company’s operated natural gas assets located off the northwest coast of Western Australia.

The agreement expands GE’s services footprint for oil and gas projects in the region, with a focus on Industrial Internet offerings. GE will supply a range of services including project management, inventory storage, preventative maintenance and obsolescence management. Additional services on demand will include engineering analysis, field services, rental tooling, corrective maintenance, wellheads, spare equipment and training.

Lorenzo Simonelli, President & CEO, GE Oil & Gas, said: “Given the current strong headwinds facing the industry, the sector, and the world, is crying out for innovative solutions to extracting, transporting and processing oil and gas. The needs are multiple and competing: faster, cheaper, local, predictable, more efficient, less resource intensive. Most oil and gas sector companies are looking for fresh ways to tackle these challenges, and many are turning to technology.”

Tags: Chevron Corporation, GE Oil & Gas