Chevron, GE in subsea deal

GE’s oil and gas division has won a contract with Chevron for provision of subsea services at the energy giant’s offshore assets in Western Australia.

The company, which recently invested opened a subsea support facility in Broome, will be using large scale data and predictive maintenance to improve productivity offshore.

It follows a similar deal struck recently with Santos GLNG for its plant on Curtis Island in Queensland.

GE’s contract will cover project management, inventory storage, wellheads and training, as well as engineering analysis.

Through its maintenance and training facility in Jandakot, opened in 2012, the company has provided subsea christmas trees, turbines and other equipment to most of the LNG projects underway in Australia.

GE regional director of oil and gas Mary Hackett said the company was proud to expand its relationship with Chevron.

“Lower commodity prices and continued market volatility present an opportunity for businesses to invest in technology to help them get the most out of their assets,” she said.

“We are seeing this trend play out across the sector.”

GE oil and gas president Lorenzo Simonelli said the headwinds facing the LNG sector meant that a number of the majors were turning to technology in a bid to lower costs.