ZEUS GAS MONETIZATION REPORT
  
GE Awarded Contract for Subsea Equipment off Australia
February 24, 2012

GE Oil & Gas has received a contract of more than US$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The Apache-operated Julimar Development Project is a joint venture between Apache (65 percent) and Kuwait Foreign Petroleum Exploration Company (35 percent). The project will supply raw gas from the Julimar and Brunello gas fields to the Chevron-operated Wheatstone Project in Western Australia. GE equipment for the Julimar project includes subsea manifolds, well systems and fully integrated subsea and topside control systems. Shipments will begin in June 2013 with installation starting in the fourth quarter of that year. ...Full Article

  
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