GE Oil & Gas opens services center in Azerbaijan
A new Global Services facility of the US GE Oil & Gas, a world
leading provider of advanced-technology equipment and services to
the oil and gas industry, opened in Baku on Monday, the company
reported. The facility worth $6 million is designed to assist oil
and gas producers playing a vital role in the economic growth of
the Caspian Sea region. The company said that the facility enhances
GE's drilling and production equipment repair, maintenance and
refurbishment services capabilities for new and existing customers
in the Caspian region.
"We are delighted with GE's continued investment in the Caspian Sea region. The new state-of-the-art facility will be of great benefit to the oil and gas industry in the region and, indeed, to the local community. The investment clearly demonstrates the important role the Caspian Sea and Azerbaijan plays in GE's expanding global operations," Deputy Manager for the Investment Department at Azerbaijan’s state oil company SOCAR, Intigam Sadykhov, said at an opening event attended by 30 Azerbaijani VIPs and GE customers.
"The new $6m investment Baku facility is crucial to the continued growth of our Global Services operations in the Caspian Sea region. The site provides a strong localized presence to help our customers grow their businesses with advanced engineering services and expertise, while also offering increased capacity to meet anticipated growth. The region is a key focus for GE Oil & Gas and this investment demonstrates our long-term commitment to Azerbaijan and the Caspian Sea," said Neil Saunders, Global Services Leader for Drilling & Production at GE Oil & Gas.
Saunders said his company has already agreed with a number of industry majors in Azerbaijan, including BP, Total and Chevron.
The Caspian region is one of the world's most important sources of oil and gas production, with major increases in offshore production expected over the next decade.
The new center of excellence facility encompasses two warehouse spaces under a single roof, two heavy-duty overhead cranes, an outside storage area, and office space. A wide-range of GE drilling and production equipment will be maintained and repaired at the center, including subsea wellheads, controls, connectors and subsea trees. *
"We are delighted with GE's continued investment in the Caspian Sea region. The new state-of-the-art facility will be of great benefit to the oil and gas industry in the region and, indeed, to the local community. The investment clearly demonstrates the important role the Caspian Sea and Azerbaijan plays in GE's expanding global operations," Deputy Manager for the Investment Department at Azerbaijan’s state oil company SOCAR, Intigam Sadykhov, said at an opening event attended by 30 Azerbaijani VIPs and GE customers.
"The new $6m investment Baku facility is crucial to the continued growth of our Global Services operations in the Caspian Sea region. The site provides a strong localized presence to help our customers grow their businesses with advanced engineering services and expertise, while also offering increased capacity to meet anticipated growth. The region is a key focus for GE Oil & Gas and this investment demonstrates our long-term commitment to Azerbaijan and the Caspian Sea," said Neil Saunders, Global Services Leader for Drilling & Production at GE Oil & Gas.
Saunders said his company has already agreed with a number of industry majors in Azerbaijan, including BP, Total and Chevron.
The Caspian region is one of the world's most important sources of oil and gas production, with major increases in offshore production expected over the next decade.
The new center of excellence facility encompasses two warehouse spaces under a single roof, two heavy-duty overhead cranes, an outside storage area, and office space. A wide-range of GE drilling and production equipment will be maintained and repaired at the center, including subsea wellheads, controls, connectors and subsea trees. *
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