HOUSTON--19 December 2008-- A subsea equipment upgrade by VetcoGray, a GE Oil & Gas business, is expected to increase production in the Lobito Tomboco oil field off the coast of Angola by 7,000-10,000 barrels per day.
VetcoGray has signed a $27 million contract with Cabinda Gulf Oil Co. of Angola, a subsidiary of U.S. oil company Chevron, to retrofit the existing subsea trees in the field, which has been in production since June of 2006. The increase in production is expected to occur shortly after the retrofit project is completed in 2009.