Oil

General Electric Wellstream-Petrobras Logistics Base at Niterói, Brazil

Active: 
yes
Country/Region/International Authority: 
Company: 
Contract Set?: 
yes
Contract Amount: 
319,000,000 BRL
Project Timeframe: 
long-term contract, timeframe undisclosed
Announcement Date: 
06/15/2011

General Electric acquired Wellstream in March 2011, in anticipation of Petrobras' intensive development of the "Pre-salt" deposits offshore Brasil.  This contract embodies an early example of over USD3.5 billion in current tenders that General Electric is pursuing in this area.

Subsea 7 Bags Shell Contract for Ormen Lange Field

Active: 
yes
Country/Region/International Authority: 
Company: 
Contract Amount: 
70,000,000 USD
Announcement Date: 
04/18/2011

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