GE Oil & Gas says that its drilling & production business has been awarded a three-year frame agreement valued at more than $250 million to supply 250 VetcoGray subsea wellhead systems to Petroleo Brasileiro S.A. (Petrobras) of Brazil. In terms of number of wellheads, this is the largest contract awarded to date in the industry.

The advanced wellheads will be manufactured in the GE Oil & Gas Jandira plant in the state of Sao Paulo, Brazil, with the first unit due for delivery in July 2009.

“We're delighted to strengthen our already solid partnership with Petrobras,” said Fernando Martins, vice president, Latin America Region, GE Oil & Gas, “This agreement reinforces our strong presence in Brazil, where more than 1,200 of our subsea wellhead systems and 180 of our subsea trees have been produced and installed over the past 30 years.”

Under the agreement, GE Oil & Gas will provide several sizes of wellheads, including its VetcoGray MS-700 and VetcoGray MS-800 Fullbore models. As the industry’s first all-metal sealing subsea wellhead system, the field-proven VetcoGray MS-700 meets demanding requirements for high-pressure critical service, deepwater drilling and production, while the VetcoGray MS-800 Fullbore offers increased casing load and higher pressure capacities.

Tags: GE Oil & Gas, Petrobras