| Maersk Oil Extends GE Oil & Gas Frame Agreement for North Sea Projects |
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| News archive - Maritime | |||
| Wednesday, 05 May 2010 06:34 | |||
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GE Oil & Gas is pleased to announce the signing of a new frame agreement with Maersk Oil North Sea UK Limited. The new agreement runs from 1st March 2010 for a five-year period. Under the new agreement GE Oil & Gas will continue to supply subsea wellheads, trees and tubular products for exploration and developed projects in the North Sea. GE Oil & Gas estimates the total value of the agreement to be in excess of $80M. Frame agreements provide a standardized scope of supply designed to enhance manufacture and minimise down time and cost for the duration of the agreement. GE Oil & Gas is a major supplier of subsea hardware to the Oil & Gas Industry and looks forward to supporting Maersk Oil in its ongoing development requirements over the next five years.
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