US GE to build centre focused on unconventional oil and gas

03 April 2013 17:52  [Source: ICIS news]

HOUSTON (ICIS)--General Electric (GE) plans to build a global research centre in Oklahoma dedicated to making advancements in the oil and natural gas sector and bringing those products to market faster, the US company announced on Wednesday.

The $110m (€86m) facility would create 125 high-tech engineering jobs initially, the company said in a press release.

The centre’s initial focus would be on technologies to enable safe, efficient and reliable production, delivery and use of unconventional oil and gas, the company said.

“Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime,” said GE chairman and CEO Jeff Immelt.

An exact location for the research centre has not been determined, although a decision is expected soon, GE said.

“Advancements in technology are revolutionising the way energy is produced, whether it be deeper subsea fields, hard-to-reach unconventional resource sources, or mature oil fields getting a second life,” said Daniel C. Heintzelman, president and CEO of GE’s Oil & Gas division. “The creation of the new centre, in close proximity to many of our customers, will allow us to accelerate the development of new technologies and enable GE to deliver even more advanced solutions to our customers faster.”

($1 = €0.78)

By: Jeremy Pafford
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