General Electric (GE) Oil & Gas last week announced a partnership with SMART Technical Services, a leading local service company in the Myanmar Oil & Gas Industry.
The collaboration will allow SMART to make drilling and surface equipment available to operators for future Oil & Gas projects in Myanmar.
“This partnership will be beneficial to both parties involved with GE offering to transfer the needed knowledge, experience and technology to our talented fellow citizens who are the future of Myanmar. I am certain that this partnership will be the core stimulant that helps drive the development of our country,” said U Myint Swe, chief minister of Yangon government, who was speaking at the signing ceremony.
GE, who have been operating in Myanmar since 2012, have a vast portfolio of products and services for drilling and production, including surface wellheads, flow control equipment, blow-out preventers and riser equipment.
“Today’s announcement reflects our long-term commitment to grow with Myanmar and partner with local corporates and the government to solve the tough challenges face in the Oil & Gas sector. While we have created in-roads in our Oil & Gas business, there is much to be achieved for the country and its people,” said Stuart Dean, CEO of GE ASEAN.
Its range of land applications range from shallow, low-pressure wells to critical service wells drilled to depths of more than 20,000 feet, requiring many casing strings, large rigs and reliable high-pressure and temperature solutions. Offshore applications include different types of fixed and floating platforms such as jack-up drilling rigs, floating drilling rigs and floating production, storage and offloading (FPSO) units.
Myanmar is GE’s ninth country in ASEAN. GE has been in the region for over 100 years with revenue exceeding $3 billion and orders exceeding $4 billion. The company has a workforce of close to 7,500 employees in ASEAN.