GE signed a $600 million, 22-year contractual services
agreement with Chevron Australia to maintain the compressor
trains and associated equipment at the Gorgon Project off the northwestern coast
Under the agreement, the oil and gas division of GE will
provide Chevron Australia with scheduled maintenance, access to resident
engineers, monitoring and diagnostics of the installed
equipment coupled with engineering analytics, plus a guarantee
relating to continuity of production, officials said.
As part of this collaboration, GE also will manage inventory,
supplying initial spare components.
The agreement will cover 22 years, with GEs first
contract performance manager scheduled to begin working in
Perth in October 2012.
This agreement confirms our capability to meet the
growing demand of the oil and gas industry for continuous
monitoring and diagnostics of installed equipment globally, and
especially in areas that are becoming increasingly challenging
from an environmental point of view,
said Dan Heintzelman, CEO of GE Oil & Gas.
The underlying mega-trends of the oil and gas industry
play to our strengths across the oil and gas value chain, and
thats why our customers look at us for long-term
partnerships, he added.
The new GE service and maintenance center in Jandakot,
Perth, is expected to deliver 4,000 training days in 2013 for
GE staff and employees of its customers, the company said.