GE Oil and Gas, a United States of America technology, service and capital company, has unveiled plans to upsclae its investment portfolio in Nigeria, despite lingering security and infrastructure challenges.
The company, which has already signed a Memorandum of Understanding with the Federal Government for a $10 billion power projects, stated that Nigeria remained one of its most important destinations for business.
“The company, which recently commissioned its $1 billion manufacturing plant in Cross River State, affirmed to continue to look investment opportunities in the country’s electricity and oil, gas sector.
Speaking at a media conference at the ongoing Society of Petroleum Engineer Offshore Europe conference in Aberdeen, Scotland Thursay, Vice President and Chief Executive Officer, GE Oil and Gas and Subsea System, Rod Christie, however, identified insecurity in the Niger Delta and inadequate infrastructure as some of the challenges being encountered from its Nigerian operations.
According to him, despite of these challenges, the company will continue to contribute to the growth of the Nigeria’s electricity and oil and gas sector.
He expressed the company’s commitment to tackling the issue of electricity in the country. “We have strong presence in the Nigeria’s electricity sector, we are equally into oil and gas. We are committed in building capacity and technology transfer. We will continue to look for ways to surmount these challenges”, he added.
The company uses the SPE conference as opportunity to launch a new strategy to dramatically reduce the time it takes to design and deliver subsea manifold systems to key offshore customers by adding a standardized manifold design option.
According to the company, the new manifold customer option can help reduce manifold delivery times by up to 50 percent, depending on various project factors. “GE’s new manifold design also can be reconfigured to meet certain project conditions, up to a fully customized solution if customers prefer.
Product Manager of GE Oil and Gas, Fredrik Witting stated: “This new approach represents a significant change in how we design and deliver manifolds to our customers. Product manager for subsea manifolds and connection systems—GE Oil & Gas.
Previously, we would meet with customers to discuss their specific project requirements and then design customized manifold solutions for them. Now we can offer customers the option of a pre-engineered manifold solution that can be used for a variety of project conditions. This could be a real productivity game-changer in this segment from both an engineering intensity and supply chain optimization perspective.”
He explained: “Subsea manifolds are used to merge the flow from multiple subsea wells for transfer into production flowlines and to manage distribution of injected water, gas and chemicals. Typically, manifold systems are designed as modular blocks that are customized to meet a customer’s individual configuration requirements and design options.
“ However, with offshore companies needing faster equipment delivery times to meet their urgent project timetables and with the global energy industry facing a shortage of skilled engineers, GE has expanded its product portfolio to include a more standardized, prefabricated manifold system that can be more quickly deployed to meet a diverse range of applications.
“Instead of rolling out the program independently, GE is collaborating with several of its key customers to design and evaluate the new manifold option for a number of projects, including off the coast of Angola. The companies also could expand their discussions to include offshore projects in Asia, the Gulf of Mexico and Brazil”.
He added that bringing customers in to participate in the company’s programme was essential because they clearly understand the delivery schedule benefits of a standardized manifold with a shorter time to design and deliver versus the customized solution that they are accustomed to working with.
He disclosed: “GE Oil & Gas has more than 20 years of experience in this segment and has deployed more than 100 custom manifolds around the world. In addition to helping its offshore oil and gas customers with their production schedules, the new strategy also strengthens GE’s competitive position as a leading supplier of subsea components as the industry seeks ways to streamline their engineering, manufacturing and delivery supply chains”.
Information from The Guardian was used in this report.