GE OIL & GAS SIGNS FRAME AGREEMENTS WITH STATOILHYDRO.

Worldwide Energy, March, 2008

GE Oil & Gas has secured two frame agreements with a total value of more than $300 million to supply compression equipment and services to StatoilHydro, a leading global energy group based in Norway.

The contracts cover the delivery of complete gas turbine and electric motor driven compressor sets, compressor revamp bundles, commissioning, capital and operational spares for high-pressure, gas re-injection applications, and services and maintenance activities of new and existing machines.

In 2005, GE successfully completed tests on the highest-pressure sour gas re-injection train ever built, which is scheduled for installation in the Kashagan oil field of the North Caspian Sea. "Those tests validated the unparalleled capability of our compressors to...

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