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GE has signed a new seven-year Global Frame Agreement with Petronas, Malaysia’s leading oil and gas corporation. The agreement, which includes an option to renew for a further three years, calls for GE to supply gas turbine packages for Petronas’ onshore and offshore projects in Malaysia and other countries around the world. The signing follows the successful completion of the first frame agreement between GE and Petronas signed in 2009, under which GE provided advanced turbo-compression and turbo generation technology for Petronas’ Liquefied National Gas (LNG) Train 9 project in Bintulu, Sarawak.
Another major milestone was the award of Petronas’ Floating LNG project, which is targeted to be the world’s first offshore LNG plant. Designed to produce 1 million tons of LNG a year, the startup of the facility is scheduled for 2016. At the signing ceremony, which took place March 26, Petronas also awarded a long-term service contract to SapuraKencana GE Oil & Gas Services Sdn. Bhd., a joint venture company that GE created with SapuraKencana Berhad for the maintenance of GE turbomachinery.
The latest agreements build on the long relationship between GE and Petronas that began with collaboration on LNG more than 20 years ago. The country is also home to GE Oil & Gas’ new iCenter facility in Kuala Lumpur. A centerpiece of GE’s industrial internet operations, the center provides customers with advanced remote monitoring and diagnostics services for GE’s installed fleet of turbomachinery in the region.