GE Oil & Gas announced three agreements totaling an estimated lifetime combined value of more than $700 million.

The new agreements integrate multiple elements of GE’s customer offering in order to meet the changing needs of its global fullstream customer base.

First, GE Oil & Gas signed a contract with Petroleum Development Oman (PDO) for the provision of reciprocating rod pump (RRP) equipment, commencing in the Q2/16. This is GE’s first-ever contract awarded by PDO. GE Oil & Gas will sub-contract the manufacturing and fabrication of specific pumping unit’s structural components in Oman and also assemble select Lufkin Automation products in the country using local companies. The local contractors will also be trained on the various aspects of RRP assembly.

Building on its strong relationship with First Northeast Electric Power Engineering (NEPC), GE Oil & Gas was also awarded a contract for the supply of an additional 135 MW steam turbine unit at the Palm Concepcion Power (PCPC) plant in the Philippines. The contract encompasses the design, manufacturing, assembling, delivery on site and installation of the STG set, and marks the third successful collaboration between GE and Chinese EPC NEPC.

Finally, GE Oil & Gas and SBM Offshore agreed to the first ever global maintenance agreement for an entire fleet of FPSOs. Under the agreement, GE Oil & Gas will provide spare parts, depot overhauls, field services and digital solutions, including remote monitoring and diagnostics for the GE aero derivative gas turbines and both GE and non-GE electrical generators, centrifugal compressors and various auxiliary systems currently installed on SBM Offshore’s fleet of FPSOs operating in Sub-Saharan Africa and Brazil. This agreement will also cover future FPSO vessels in construction.

“We are proud of this strong start to 2016, reflecting the growing pull for our unmatched global fullstream offer and digital industrial capabilities,” said Lorenzo Simonelli, GE Oil & Gas president and CEO. “This shows that innovation and flexibility, built on foundations of partnership, advanced insights and technology, continue to resonate with the oil and gas sector.  Now more than ever, our customers are looking to GE for the best minds and machines to optimize their technology and operations, from wellhead to refinery.”