- New 'CWOR' Offering to Help Customers Solve Project Delivery, Capital Cost Challenges
- Customers Now have Access and Control to Production Systems during Installation, Completion and Intervention Activities
- Highlights GE's Role as Leading Solutions Provider throughout the Entire Lifecycle of the Field
ABERDEEN, U.K.---September 4, 2013---GE Oil & Gas (NYSE: GE) today announced the introduction of a new Completion Work Over Riser (CWOR) system for its Well Access Intervention product line.
The CWOR system is used for installation, completion and intervention of subsea wells. It can be configured for GE's latest Vetco Gray subsea tree systems in addition to legacy and other suppliers' subsea tree equipment.
When applied on GE's equipment, the customer receives "one-stop shop" benefits as GE can serve both as a traditional original equipment manufacturer as well as a service provider.
"With the latest CWOR system, GE is building on a product that is well established in the industry as we focus more on the diagnostic capabilities of our equipment and look to partner with our customers on improved oil recovery (IOR) strategies," said Carl AJ Roemmele, global sales leader for subsea systems ---GE Oil & Gas. "Our new CWOR offering reflects our commitment to being a leading solutions provider throughout the entire lifecycle of the field, as we aim to help customers optimize their field performance and hydrocarbon recovery. It underlines our strategy to support oil and gas clients with service solutions."
The system is designed and qualified in accordance with the industry's highest standards, including ISO13628-7, NORSOK Standards and Safety Integrity Level 2 (SIL-2) and is closely integrated with GE's subsea systems tree offerings, granting customers access and control to their production system during installation, completion and intervention activities.
The new offering will help GE customers with project on-time delivery requirements and the related capital cost challenges of their offshore oil and gas projects. In addition, customers will benefit from reduced CAPEX investments, as equipment can be rented instead of purchased, thus unlocking the potential for use on already operated fields. Also, by complying with SIL-2 requirements, GE's CWOR product addresses the need for safer intervention solutions.
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