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HOUSTON, TEXAS, February 22, 2005: -- GE Energy was awarded a two-year extension to its four-year contract with Norsk Hydro ASA, Statoil ASA and Esso Norge AS to provide maintenance services for 95 LM2500 and two LM1600 aeroderivative gas turbines. Part of a pool of engines owned by the three companies, the 97 aeroderivative gas turbines are located on 33 different offshore platforms throughout the Norwegian sector of the North Sea. Under the terms of the agreement, GE Energy provides routine and major maintenance services including field service and light, medium and heavy overhauls. GE Energy provides most of the maintenance at its Agotnes, Norway Center of Excellence. The 95 LM2500 and two LM1600 aeroderivative gas turbines are used for gas compression, as well as power generation to cover platform demand. Natural gas will serve as the primary fuel, with diesel serving as a backup. "We are pleased that Norsk Hydro, Statoil and Esso Norge decided to lengthen their contract with GE Energy. Our long-standing relationship with these North Sea companies, coupled with GE's past performance and level of support, were significant factors in the contract extension," said Richard Stewart, president of GE Energy's aeroderivative division. GE Energy's aeroderivative division is a leading supplier of aeroderivative gas turbines for industrial and marine applications and is also the world's largest and most experienced aeroderivative gas turbine service provider. It provides power-generating equipment to utilities, industries and marine fleets throughout the world. In addition, the company provides comprehensive maintenance coverage and is dedicated to helping its customers improve their operations through reduced plant downtime, improved efficiency, and enhanced power or production output. About GE EnergyGE Energy (www.gepower.com) is one of the world's leading suppliers of power generation and energy delivery technology, with 2004 revenues of $17.3 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.For more information, contact:Dennis MurphyGE Energy +1 678 844 6948 dennis.murphy@ps.ge.com |
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GE Energy Receives Contract Extension to Provide Maintenance Services for 97 Aeroderivative Gas Turbines |