October 28, 2016 9:28 AM ET

Energy Equipment and Services

Company Overview of GE Oil & Gas SpA

Company Overview

GE Oil & Gas SpA develops, manufactures, and provides technology equipment and services for the oil and gas industry in Italy and internationally. It offers air-cooled heat exchangers, centrifugal pumps, compressors, reactors, steam condensers, reducing and metering systems, turboexpanders, control and safety valves, hydraulic actuators for surface drilling, capital drilling equipment, floating production systems, mudline equipment, and subsea and surface drilling and production systems. The company offers contractual, remote monitoring and diagnostic, multivendor, pipeline inspection, technical support, and maintenance and repair services; OEM spare parts; and technical training in plant an...

Via Felice Matteucci, 2

Florence, FI 50127



39 05 54 23 82 80


39 05 54 23 28 00

Key Executives for GE Oil & Gas SpA

Chief Executive Officer and President
Age: 43
Chairman of GE and Chief Executive Officer of GE
Age: 59
Chief Executive Officer for Latin America and President for Latin America
Global Sales Leader
Chief Operating Officer of Drilling & Production Systems
Age: 58
Compensation as of Fiscal Year 2016.

GE Oil & Gas SpA Key Developments

GE Oil & Gas Wins Contract for Third Train at BP's Tangguh Facility

GE Oil & Gas has won a contract from BP Plc to supply gas turbine-driven compressors for a third natural gas liquefaction train for the Tangguh expansion having provided the original equipment for trains 1 and 2 when the plant was first established. The order for the third train equipment has been placed with the GE Oil & Gas local business partner in Indonesia, PT IMECO Inter Sarana. The Tangguh facility in the Papua Barat Province of Indonesia is being expanded to increase Liquefied Natural Gas (LNG) production by a further 3.8 million tons per annum (mtpa), bringing total plant capacity to 11.4 mtpa.

GE Oil & Gas Signs Service Agreement with MODEC to Apply Data Analytics, Gas Turbine Expertise to Brazilian FPSOs

GE Oil & Gas has signed a major agreement with MODEC to supply and service gas turbines for FPSOs in Brazil. MODEC ordered GE gas turbines for eight FPSOs based in Brazil and signed an overall maintenance contract with varying durations for each vessel, reaching up to 3 maintenance cycles for gas turbines on six FPSOs. The contractual service agreement will include data analytics for advanced monitoring and diagnostics, helping to improve equipment availability and operational efficiency. GE Oil & Gas and MODEC have developed a long term relationship, reflected in the length of the contract. The FPSOs are owned by consortiums comprised of MODEC and its partners, and also MODEC provides operation and maintenance services for those fleets.

GE Oil & Gas Wins Three-Year Frame Agreement to Support ONGC's Exploratory Drilling Campaign in India

GE Oil & Gas has been awarded a multi-million dollar Frame Agreement by Oil and Natural Gas Corporation Limited (ONGC). Under the agreement, GE will provide an estimated 55 subsea wellheads (SG5) over next three years for the operators offshore drilling campaign, in shallow to medium waters offshore India. The first wellhead under the contract will be supplied in the fourth quarter of 2016, with GE manufacturing part of the scope in India for the first time, in Kakinada, with engineering and project management support from regional teams in Singapore.

Recent Private Companies Transactions

October 30, 2015

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