GE Oil & Gas, whose US headquarters are located in Texas, will partner with Alpha Petroleum on the advancement of the subsea infrastructure for the Cheviot oil field, one of the largest undeveloped fields in the UK North Sea with 55 MMbbl of oil and 20 MMboe of future gas production.
GE Oil & Gas will supply subsea trees, a full control system, three manifolds, flexible jumpers, flowlines, risers and umbilicals, as well as provide subsea construction and installation services, and support commissioning.
In addition to the provision of services and technologies, GE Energy Financial Services, GE’s energy investing business, is helping to raise the needed debt financing for the project and is in discussion with Alpha Petroleum with the intention of making a significant capital investment.