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Chevron Awards Long-term Service Agreement for Gorgon Project in Australia to GE

20 July 2012

GE today announced it has signed a more than US$600 million 22-year contractual services agreement (CSA) with Chevron Australia to maintain the compressor trains and associated equipment that will be at the heart of the Gorgon Project off the northwestern coast of Australia.

Under the agreement, GE Oil & Gasí Global Services division will provide Chevron Australia with scheduled maintenance, access to expertise through resident engineers, monitoring and diagnostics of the installed equipment coupled with engineering analytics, plus an inbuilt guarantee relating to continuity of production. As part of this collaboration, GE also will manage inventory, supplying initial spare components. The agreement will cover a period of 22 years, with GEís first contract performance manager scheduled to begin working in Perth in October 2012.

"Companies around the world continue to express confidence in our services expertise, which enables them to operate as efficiently as possible over the long term. 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. The underlying mega-trends of the oil and gas industry play to our strengths across the Oil & Gas value chain and thatís why our customers look at us for long-term partnerships,Ē said Dan Heintzelman, president and CEO of GE Oil & Gas.

The new CSA ensures the continued participation of Australian companies and the ongoing creation of economic growth opportunities for local communities in Western Australia. 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.