GE Oil & Gas Awarded $120 Million in Deepwater Equipment Orders

GE GE Oil & Gas' drilling & production business has been awarded two contracts totaling more than $120 million by Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) of South Korea, one of the world's leading specialized shipbuilding and offshore contractors. Under the first contract, GE will supply a blowout preventer (BOP) stack and controls system, to be installed on a Petroserv-owned drillship for oil and gas production activities offshore Brazil.