Chevron Awards Long-Term Service Agreement for Gorgon Project in Australia to General Electric Co

General Electric Co announced it has signed a more than USD600 million, 22-year contractual services agreement (CSA) with Chevron Australia Pty LTD to maintain the compression trains, power generation and associated equipment that will be at the heart of the Chevron-operated Gorgon Project off the northwestern coast of Australia. Under the agreement, GE Oil & Gas' Global Services division will provide Chevron Australia with scheduled maintenance, access to expertise through resident engineers, monitoring and diagnostics of the installed equipment coupled with engineering analytics, plus a reliability guarantee relating to continuity of production. As part of this collaboration, GE also will manage planned maintenance inventory as well as supply initial spare parts. GE's first contract performance manager is scheduled to begin working in Perth in October 2012.