- Deal Covers Both Rotating Equipment, Subsea Production Systems and Connectors
- Project Includes One of World's Largest LNG Facilities
-
Demonstrates GE Commitment to Growing LNG Sector in
Australia
FLORENCE, ITALY-January 30, 2012-GE Oil & Gas (NYSE: GE) has
received contracts totaling more than $1 billion to supply a
wide range of equipment and services for the Ichthys
liquefied natural gas (LNG) project in Australia. A joint
venture between INPEX (operator) and Total, the Ichthys LNG
project includes one of the world's largest LNG facilities
and is based on an estimated 40 years of gas and condensate
reserves from the Browse Basin offshore Western
Australia.
The Ichthys LNG Project is a joint venture between INPEX (76
percent, the operator) and Total (24 percent). Gas from the
Ichthys Field, in the Browse Basin approximately 200 km
offshore of Western Australia, will undergo preliminary
processing offshore to remove water and extract condensate.
The gas will then be exported to onshore processing
facilities in Darwin via an 889-km subsea pipeline. The
Ichthys LNG Project is expected to produce 8.4 million tons
of LNG and 1.6 million tons of LPG per annum, along with
approximately 100,000 barrels of condensate per day at
peak.
GE will provide rotating equipment, including gas turbines
and compressors, for a new Ichthys LNG plant at Blaydin
Point, near Darwin in Australia's Northern Territory, and
associated floating production storage and offloading and a
central processing facility (CPF) located in the Browse Basin
offshore Western Australia. In addition, GE will supply
subsea production systems for the offshore portion of the
project as well as subsea connectors for an 889-kilometer
(km) pipeline that will carry the gas produced from a CPF to
the new LNG plant in Darwin. GE announced the award of the
contract at the 2012 GE Oil & Gas Annual Meeting being held
Jan. 30-31 in Florence, Italy.
The scope of GE's supply includes four Frame 7EA Gas Turbines
and eight MR/PR Compressors for the LNG plant; 10 PGT25+G4
gas turbines and 10 compressors for upstream facilities; and
22 subsea production trees, five off-subsea manifolds, an
integrated subsea control system and a 42-inch trunk line
connection system. The equipment will be shipped by 2014 and
INPEX expects to start producing LNG by the end of 2016.
"We have been able to confirm our strong heritage in the LNG
sector, leveraging our gas turbine, compressor and subsea
production technologies for many of the world's leading LNG
projects, including the Ichthys subsea development," said Dan
Heintzelman, CEO of GE Oil & Gas. "Our growing commitment to
the LNG industry in Australia was another key factor in
winning this significant award."
Among GE's recent investments in Australia is the recently
opened Jandakot facility in Perth, a $100 million
state-of-the-art technology and learning center that will
support the training of the next generation of skilled
workers in the oil and gas, energy, mining, transportation
and water industries. In addition, GE Oil & Gas has
established a strong position in Australia's LNG sector,
providing equipment for most of the country's LNG projects
including Gorgon, Wheatstone, Prelude FLNG and Queensland CSM
LNG projects. According to the Australian government's
Department of Resources, Energy & Tourism, the Australian LNG
industry has the potential to attract up to A$60 billion in
new project investment over the next 10 years.
About GE
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Finding solutions in energy, health and home, transportation
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visit the company's website at www.ge.com.
GE also serves the energy sector by providing technology and
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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,
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fuels and new grid modernization technologies to meet 21st
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