General Electric announced the opening of the USD 500M Brazil Technology Center that will focus on developing advanced subsea oil and gas technology. The centre, GEâs first in Latin America, is expected to be a hub for engagement and collaboration with GEâs customers in the region and is expected to employ 400 researchers.
Placing power and processing equipment next to the wellhead on the sea floor makes the job of extracting the oil and pumping it to the surface easier, safer and ensures a successful and economical flow of oil or gas from a reservoir to the point of sale. It is also environmentally sound and more cost efficient for the extraction company. Through the Brazil Technology Center, GE is engaged with several Oil & Gas customer partners to develop all the pieces that will make this subsea oil and gas processing facility a reality. GE announced the first of these efforts, unveiling plans to work with customers Petrobras and BG Group in the future.
Photo courtesy of Ideal
âOur new research centre in Brazil will allow GE to innovate locally for our customers in Latin America and then export those innovations to the worldâ?, said GE Chairman and CEO Jeff Immelt.
