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Thursday, April 10, 2014
GE Oil & Gas saw its first major equipment delivery by its Subsea Systems business to Angola. The shipment, for a major operator in the country, was handled under a contract established by GE’s Angolan joint venture (JV), GE-GLS Oil & Gas Angola Ltd.
A primarily localized workforce assembled the first of 16 subsea production trees, destined for a development offshore Angola, in one of the first tranches of deepwater acreage offered by the Angolan government. The base scope of work includes a further 15 subsea production trees, 12 water injection trees, two water injection manifolds, four production manifolds, topside upgrades, and associated equipment.
The technology was designed and manufactured across various global subsea locations before being assembled in Angola with the combination of proven and innovative technology. This, coupled with a skilled local workforce, facilitated the prompt delivery of quality products.
“This initial achievement is evidence of the successful partnership enabled by GE-GLS Oil & Gas Angola Limited,” said Dr. Eugenio Neto, president and CEO of GLS Holding, S.A. and VP of the JV. “We announced our intentions to further support the development of Angola’s growing oil and gas industry and, after only a year, are proving our commitment to the country’s ‘Made in Angola’ pledge. Setting up in-country has significantly improved our speed-to-market, allowing us to execute on critical project deliverables in a timely fashion.”
Originally announced in January 2013, the JV includes an initial investment of $175 million to build a new manufacturing facility in Soyo which will supply subsea equipment to the oil and gas industry in Angola. The first subsea production tree for delivery under the JV were assembled at GE Oil & Gas’ existing site inside the Sonils Base at the Port of Luanda.
“Localization is about physically being where the customer is to ensure quality delivery on complex, remote projects,” said Marco Caccavale, president & CEO GE Oil & Gas for Sub-Saharan Africa. “GE’s global footprint enhances delivery of services, technologies and expertise, while empowering decision-making at a local level, ultimately bringing growth opportunities to all of the stakeholders involved.”
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