Australia's GE Oil and Gas said Thursday it has been awarded a $600 million service contract to maintain the compressor trains and associated equipment at Chevron's Gorgon liquefied natural gas (LNG) project off the northwestern coast of Australia.
Under the 22-year agreement, GE will provide Chevron with scheduled maintenance, monitoring and diagnostics of the installed equipment and access to local engineers. GE will also manage inventory and supply initial spare components.
GE's first contract performance manager will start working in Perth in October 2012.
GE has already been awarded a number of contracts on the Gorgon LNG project which will see the company provide gas turbines to meet the project's power generation needs. GE will also provide compression trains to the project to compress the gas and sequester carbon dioxide released during its production, as well as supply the wellheads and pipes that the Gorgon project will use to extract natural gas from wells drilled in the Gorgon and Jansz/lo gas fields.
The Gorgon and Jansz/lo gas fields are sited 81 miles (130 kilometers) off the northwest coast of Western Australia.
The Gorgon LNG project is operated by Chevron Australia who holds a 47.3 percent stake. Oil majors ExxonMobil and Shell hold a 25 percent stake, while Osaka Gas, Tokyo Gas and Chubu Electric Power hold the remaining 1.25 percent, 1 percent and 0.417 percent stakes respectively.
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