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GE opens new global research centre and announces collaboration agreement with Devon Energy

12th May 2014

GE Oil & Gas has announced a new Technology Collaboration Agreement with Devon Energy to accelerate the development and testing of products in the field and to enhance the performance and economics of unconventional oil and gas projects

GE Oil & Gas opens new global research centre and announces collaboration agreement with Devon Energy
Scheduled to open next year, the centre is part of GE’s three-year effort to triple research and development investment in the oil and gas industry

Under the alliance, GE will collaborate with Devon Energy on driving technology advancements for artificial lift systems used for increasing the flow of liquids from production wells, advanced drilling technologies and water treatment solutions.

The announcement took place at a ceremony for GE’s new Global Research Center in Oklahoma City, a hub for global oil and gas innovation and field testing of products to determine commercial viability. Scheduled to open next year, the centre is part of GE’s three-year effort to triple research and development investment in the oil and gas industry. The centre will focus on solutions related to production systems, well construction, water use optimisation, CO2 solutions and energy systems, and will draw on the company’s cross-business expertise to drive breakthroughs in the oil and gas space.

Lorenzo Simonelli, president and CEO, GE Oil & Gas said: “GE is committed to leading the unconventional resource revolution and technology is the core of how we will win in this space. Through increased research and development investment, the creation of tech hubs, like Oklahoma City and Rio de Janeiro, and new partnership models, we are getting closer to our customers and bringing best-in-class technologies to market quicker. This approach is helping our customers be more efficient and productive and delivering growth for GE. ”

Mark Little, chief technology officer, GE said: “Breakthrough technologies in natural gas have radically transformed the global energy landscape over the past decade. We look at innovation through a broad lens. GE’s global technology portfolio spans many industries. In Oil & Gas, we’re bringing the benefit of this perspective and partnering with great customers like Devon to push new frontiers in Oil & Gas production.”

Following the announcement of the broad-ranging Chevron GE Technology Alliance in February, the company has recently announced a technology collaboration agreement with Pemex and will continue focusing on key customer co-development to bring better solutions for the industry.

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