GE wins $250 million offshore drilling contract in Brazil

GE Oil & Gas has a big subsea drilling win under its belt with the news today that its drilling & production business has been awarded a three-year agreement valued at more than $250 million to supply 250 VetcoGray subsea wellhead systems to Petrobras of Brazil. In terms of the number of wellheads, it’s the largest contract awarded to date in the industry.


GE sells subsea wellheads by the Brazilian seashore: With this contract, GE Oil & Gas continues to expand its presence across Latin America’s oil and gas sector, with more than 1,000 gas turbines and compressors installed throughout the region. In addition, the company has inspected more than 50,000 kilometers of oil, gas, water and refined product pipelines in Latin America.

As offshore drilling pushes past 10,000-foot water depths and 30,000-foot wells, pressure increases exponentially – and not only below the surface. The extreme operating conditions create extreme technological pressures too, which is why the subsea wellhead system must be reliable if the operation is to succeed. GE’s wellhead system – which is what today’s deal is for — is used to suspend so-called “casing strings,” which are the long sections of connected pipes used in the drilling. The wellheads also help seal the oil wells. Taken as a whole, the wellhead system effectively is the upper ending point of the well and provides a mounting position for the equipment that controls the flow of oil up to the surface.

The advanced wellheads will be manufactured in the GE Oil & Gas Jandira plant in the state of Sao Paulo, Brazil, with the first unit due for delivery in July 2009.


We know the drill: Following the acquisition and integration of VetcoGray and Hydril Pressure Control, GE Oil & Gas now has key regional offices in Argentina, Bolivia, Brazil, Ecuador, Peru, Mexico and Venezuela, providing customers with local manufacturing, sales and services capabilities.

“This agreement reinforces our strong presence in Brazil, where more than 1,200 of our subsea wellhead systems and 180 of our subsea trees have been produced and installed over the past 30 years,” said Fernando Martins, vice president, Latin America Region, GE Oil & Gas.

GE is currently negotiating with Petrobras, which is also known as Petroleo Brasileiro S.A., for a separate contract to provide services for the equipment. Based in Rio de Janeiro, Petrobras is one of the largest companies in Latin America and controls significant oil and energy assets in 18 countries worldwide. GE’s systems are part of Petrobras’ drilling campaign to reach 3.3 million barrels of oil equivalent per day by 2013.

GE Oil & Gas, which had 2008 revenue of $7.8 billion, employs more than 12,000 people worldwide and operates in over 70 countries.


* Watch a video with GE’s Fernando Martins
* Read the announcement
* View a downloadable fact sheet about GE Oil & Gas
* View a downloadable fact sheet about our wellhead systems
* Learn more about GE Oil & Gas on our website
* Read GE Reports’ story about our pipeline inspection technology
* Watch a video about inspecting “unpiggable” pipes
* Read about our work on China’s massive West-to-East pipeline

32 Comments

  1. poor engineer says:

    Just think if Jeff could get his good buddy Obama to let us drill for our oil here.

  2. DIXIT RAJPUT says:

    Congratulations I am excited listenning this news of big order.

    Once again congratulate to GE Great leaders who won it.

  3. Antonio Rios says:

    I want to say congradulations, and I would love to work offshore on an oil rig. If you would consider me in working for you, I wont let you down and would be very appreciative. Thank you.

  4. Jay Tanner Superintendent says:

    Congradulations GE for job well done,keep up the good work
    If you are ever in need of a Dilling Workover & Completions Superintendent for your location,
    I am your man, *Have Passport will travel*

  5. Chris Eyler says:

    Hell yeah GE. Great job. I am a diver with a passport. more than willing to travel!!!!!

  6. David P. Bluewolf-Chavez says:

    Congrats on GE !!!!

  7. Roberto Stroligo says:

    Parabéns pelo trabalho que fazem aqui no Brasil!
    Gerando empregos para nós técnicos e melhorando nossa qualidade de vida!
    Estou prestando um serviço de topografia, nos módulos montados aqui no Rio de Janeiro.

    Saudações

  8. charles ewers says:

    i have worked on offshore rigs in tx/la.gulf coast/africa/south america/norway/california coast.and i would like to do so again.

  9. Tijani olusegun says:

    u guys are great

  10. Adevair Lopes says:

    Moro nos Estados Unidos a quase 20 anos, nos ultimos dez anos, trabalho com soldas e mecanica em uma companhia de mineracao.Ficaria muito feliz em fazer parte deste time. Congratulations GE, for this big job in Brazil, I am so hepy and very excited abaout.
    god Bless (GE Companhia) Mr. Lopes

  11. Lane Jennings says:

    Go for it GE, if there’s any company that can get the job done it’s you. Been in the cooking bez for 26 years. Culinary degree, Executive Chef, Ret Navy, just to mention a few. Best part of cooking is when they come back for seconds. Would love to work on a off shore oil rig, heck I’ll even do the dishes! Have passport and ready to go.

  12. Uday Singh says:

    more than $250 million to supply 250 VetcoGray subsea wellhead systems to Petrobras of Brazil, GE is exceptionally rocking. Cheers!!!

  13. Capt.Tim Smith says:

    Congradulations on that Brazillian contract.I am a Master 100 ton Captain working in the oil industry off LA,would love to work in Brazil.TWIC & Passport ready to go!!!

  14. Bryan G. Redd says:

    I am a mud engineer with over 13 years experience and have worked offshore in the Gulf of Mexico and offshore California. I have a new passport and would definitely love to go to Brazil. Congrats on the deal with Petrobras!

  15. Tane Oldham says:

    YAY!!! I need a tan and a JOB!! I am a oilfield SUPER STAR! We love the fact that Brazil received their contract to drill offshore. I so want to be a part of this!

  16. Geoff Huppe says:

    Well done GE! I am an airline Captain (Saab Turboprop), ex commdiver, ex naval officer, ex inner city high school teacher, if you need me help let me know.

    By the way you latest stock surge purchased my family’s Christmas presents

    Thank you

  17. Forrest A Brown says:

    Sent you my CV and cover letter on the 15/12/09 have brazilian residence card and speak the lingo
    worked for petrobras for 6 years .

    you want a HSE Manager, safety trainer I will move
    back and work as i need no sepical papers to work.

    good luck looking forward to it

  18. Jungle Jim says:

    Hey GE I worked for McDonalds for a couple of days so Im your man. If that diver wont dive I can throw him in the water and if he wont weld I can bait the area for sharks and I work cheap at 5 thousand a day. Call me at 1 800 get her done.

  19. Bryce Miller says:

    Vetco Gray and Hydril are good acquisitions for GE to get into the oil business in a big way. All the best.

  20. James Sullivan says:

    I have worked in Mexico for 6 years as a crane operator. I learned to adapt to their culture and there ways of working. I worked as a crane operator. My crew of roustabouts and myself established a very good working relationship with our speech problem. They taught me a little Spanish and I helped them learn a little English, but our communication as a crew was safe and if not we stopped and fixed the problem.

  21. nzeh ikechukwu says:

    i want to be part of this because i have what it takes for the crew to achieve there goals i am just a normal guy with a good ability that might be usful

  22. felton says:

    i would love to work offshore.

  23. Jason Mayes says:

    If at all possible would you guys shoot me an email to let me know where to go apply online for a job!! I have worked for oil companys before and have drilled for awhile, thanks!!

  24. James Sullivan says:

    I would like to apply for a crane operator’s position with Ya’ll if I can. I over 15 years experience with crane operating and supervising. 6 years crane operating in Mexico. I have no problem working in the Gulf of Mexico or working international.

  25. Robert P. says:

    Good job GE Need any Fishing tools and tool Supervisor Let Me Know

  26. ramdinesh says:

    1 1/2 years experin oil&gas ongc 6 month experin ongc rig

  27. ramdinesh says:

    1 1/2 years expearn oil&gas ongc 6 expearn ongc rig

  28. ramdinesh says:

    I love offshore in work diffrent any eart in work

  29. Terry L Taylor says:

    I hope it brings jobs for us that have none inb the states, At least that would do something for us needing work in the states .

  30. Nick says:

    Guys, Could anybody help me to work what you dream of as an offshore. I would love to work off shore my credentials and trainings were completely done and i think i might fit on it with my background and skills just to prove im in line with it. This is my dream to be like you. Hoping your consideration to accept me. Thanks and God Bless.

  31. Mark says:

    Way to go GE. Apparently the U.S. government GIVES Petrobras 3 Billion dollars of U.S. taxpayer money and Obamas buddy (Jeff Immelt) gets a big contract with the Brazilian government. As GE attacks the oil and gas idustry stateside it is not opposed to making money in the very industry it attacks! Brilliant.

  32. Pankaj says:

    sir please send of all authorized dealer at indore in india full Addres

LEAVE A COMMENT

    *required fields

    Your comment needs to be approved by the site owner before it will appear. Thank you for your patience. If you have any questions, please read GE's .