GE AEROSPACE 
By - Agreement Includes Shell's Global Projects over the Next Six Years
- Covers LNG, Natural Gas, Refining and Petrochemical Compressor Applications
FLORENCE, ITALY-January 30, 2012-GE Oil & Gas (NYSE: GE) has
signed an enterprise framework agreement to supply
compressors and associated services for Shell's projects
worldwide over the next six years.
Under the agreement, Shell will have access to GE's most
advanced, high-tech compressor technology for deployment in
Shell's key projects in high-growth regions, including
Australia, West Africa, Russia and the Caspian region and
Canada.
Prady Iyyanki, vice president-turbomachinery, GE Oil & Gas,
said, "GE is committed to delivering enhanced value and
efficiency to its global customers, including through the
delivery of rigorously qualified and validated pre-engineered
solutions that equate to faster execution in the pre- and
post-order phases. Building on our successful cooperation
with Shell over many years across the industry's most
challenging sectors, this agreement will help improve quality
and repeatability for Shell, as well as boosting efficiency
and optimizing production for its mega-projects around the
world."
The GE equipment covered under the compressor enterprise
framework agreement with Shell will be manufactured at GE Oil
& Gas' facilities in Florence, Italy, and Le Creusot, France.
The agreement includes the supply of centrifugal compressors
for the following key market segments: liquefied natural gas
(LNG) services, natural gas, refining and petrochemical
applications.
GE also has recently announced it will supply two steam
turbine-driven compressors for the Shell Prelude Floating
Liquefied Natural Gas (FLNG) project offshore Australia-which
will be the largest floating offshore facility in the world.
To meet the specific project requirements, GE is minimizing
the casings of the steam turbines and compressors to reduce
weight and footprint. GE is designing the compression trains
to cover a wide range of operating conditions, developing a
technology for potential use in future FLNG plants.
About GE
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and the best technologies taking on the toughest challenges.
Finding solutions in energy, health and home, transportation
and finance. Building, powering, moving and curing the world.
Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.
GE also serves the energy sector by providing technology and
service solutions that are based on a commitment to quality
and innovation. The company continues to invest in new
technology solutions and grow through strategic acquisitions
to strengthen its local presence and better serve customers
around the world. The businesses that comprise GE Energy-GE Power & Water, GE
Energy Management and GE Oil & Gas-work together with more
than 100,000 global employees and 2010 revenues of $38
billion, to provide integrated product and service solutions
in all areas of the energy industry including coal, oil,
natural gas and nuclear energy; renewable resources such as
water, wind, solar and biogas; as well as other alternative
fuels and new grid modernization technologies to meet 21st
century energy needs.
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