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Maersk extends GE Oil & Gas frame agreement for North Sea projects


Published May 5, 2010
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Maersk Oil - Affleck Field

GE Oil & Gas has signed a new frame agreement with Maersk Oil North Sea UK Limited. The new agreement runs from 1st March 2010 for a five-year period.

Under the new agreement GE Oil & Gas will continue to supply subsea wellheads, trees and tubular products for exploration and developed projects in the North Sea. GE Oil & Gas estimates the total value of the agreement to be in excess of $80M.

Frame agreements provide a standardized scope of supply designed to enhance manufacture and minimise down time and cost for the duration of the agreement.

Tags: GE Oil & Gas, Maersk Oil



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