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Saudi Aramco deal ‘sets benchmark for GE Oil & Gas’ | Saudi Stock Exchange

Highlighting its commitment to further support the oil and gas sector of
Saudi Arabia, GE Oil & Gas marked an industry milestone with the
award of a contract by Shandong Electric Power Construction Corp.
(SEPCO) to manufacture and assist with the commissioning and startup of
12 high-efficiency gas compression trains, each consisting of an
aeroderivative gas turbine and a pipeline centrifugal compressor, for
the Master Gas System Expansion Project in Saudi Arabia.


The contract underlines GE’s localization commitment with six of the gas
compression trains to be assembled locally at the GE Manufacturing
Technology Center in Dammam.


Moreover, work is in progress to expand and modify the center to meet
the localization commitment and create more jobs for Saudis.


The scope of work also includes a long-term service agreement with the
option of renewal. GE Oil & Gas will also extend training for Saudi
Aramco personnel on the supplied units and the control system at GE’s
overseas facility and customer site.


Rami Qasem, president & CEO of GE Oil & Gas for the Middle East,
North Africa and Turkey, said: “We are thankful to Saudi Aramco, our
long-term customer, for their support and trust in our tech-solutions.
The contract sets a benchmark for GE Oil & Gas in the Kingdom, as it
not only marks the first time such high-efficiency technology is
introduced in Saudi Arabia, but also demonstrates our local
manufacturing competencies.”





Rami Qasem said: “This is a good fit with our strategy for the Kingdom
to support our customers with the most advanced technologies that add to
their operational efficiency as to promote a culture of localization,
which in turns boosts the local manufacturing sector and promotes
exports.”


He added: “The expansion of the GE Manufacturing Technology Center,
which is part of the $1 billion investment commitment by GE in the
Kingdom, brings us closer to our customers, and enables us to provide
technology and repair support at short lead times.”


Rami Qasem said: “We will also establish local shop repair for the
supplied equipment further adding to our promptness in customer service
delivery.”


He said: “A number of Saudi professionals will be hired for the project
while Saudi nationals will be trained at GE Manufacturing Technology
Center on the packaging of the compressor train and other services.”


The PGT25 power turbine components have been designed taking into
account many years of experience gained by GE in the field by heavy duty
gas turbines and axial/centrifugal compressors.


The aerodynamic blading was planned with the main objective of obtaining very high efficiency at both design and reduced speeds.


From providing the first turbomachinery for Saudi Arabia’s early oil
expeditions and building partnerships with public and private sector
entities for over 80 years, GE Oil & Gas has a strong heritage of
working with Saudi Aramco.


The company’s compressor fleet in Saudi Arabia now numbers about 100, having doubled since 2010.