GE Signs Subsea Wellhead Deal with PEMEX

GE Oil & Gas announced Thursday that it has signed an $84 million deal with Mexico's PEMEX Exploration and Production to supply and install subsea wellheads for deepwater drilling projects in the Gulf of Mexico. GE said the deal is the largest it has had so far with PEMEX for the supply of subsea high-capacity wellheads.

The project will see GE supply SMS800 and DWHC 700 high capacity wellheads. The firm noted that similar GE technology has previously been installed at several other Mexican oil fields including Perdido, Lakach and Kunah.

Octavio A. Mejía, Latin America regional sales manager for GE Oil & Gas Subsea Systems, commented in a company statement:

"During the last six years GE has provided top of the line technology and training to PEMEX. So far, we have provided subsea wellheads and service to more than 24 wells and we expect to provide many more."

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