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GE Oil & Gas announces first global maintenance deal for SBM’s fleet of FPSOs

NYSE-listed GE Oil & gas, a subsidiary of the US conglomerate GE, on Monday announced what it says is an unprecedented global maintenance contract for SBM Offshore’s entire fleet of FPSOs (floating production storage and offloading vessels).

Under the deal, GE Oil & Gas (which is headquartered in London in the UK), will provide spare parts, depot overhauls, field services and digital solutions to SBM’s fleet for GE turbines, generators, compressors and auxiliary systems already installed.

Dutch firm SBM is a world leader in leasing and operating FPSOs, mainly in Brazilian and African waters.

The value of the deal was not specified although GE Oil & Gas said it was part of a series of agreements with several clients worth a total of $700m.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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