GE Oil & Gas awarded $147 million contract for CO2 injection project

Posted on 20 Jun 2013

GE will supply Norwegian company Statoil with a subsea system enabling carbon dioxide injection and production wells in a deal worth $147 million.

Under the contract, GE will supply subsea production and injection equipment for Statoil’s Snøhvit carbon dioxide injection project.

Delivery of the equipment will take place during the second quarter of 2015. GE will manufacture the trees at its Aberdeen facility and the control systems at the company’s Nailsea, Bristol facility.

The subsea template and manifold components will be built in Norway. GE will manage the EPC project from its Bristol offices.

Rod Christie, CEO of Subsea Systems, GE Oil & Gas, said: “We are excited to collaborate with Statoil on this initiative to extend production activities at the Snøhvit field.

“We are committed to helping our customers meet their most difficult technical and logistical challenges in developing new and more mature gas fields, ensuring a more sustainable and environmentally friendly development.”