HOUSTON, UNITED STATES — May 5, 2009 — GE Oil & Gas, a world leading company in oil & gas advanced technology equipment and services, announced today that it has agreed to a close cooperation with SPT Group that offers its global customers enhanced online flow assurance solutions for improved flow regularity over the life of the field.

“The oil and gas industry is increasingly focused on remote operations and digital oilfield solutions,” says Dean Arnison, Controls & Informatics Director, GE Oil & Gas. “This new cooperation between GE Oil & Gas and SPT Group builds on unrivalled expertise in subsea control systems and online flow assurance technology to fulfil a key part of an e-field infrastructure.”

As the world’s oil and gas field developments move to harsher, deeper environments, the need for a more refined insight into the operation of subsea production systems increases. By combining the experience of GE Oil & Gas and SPT Group, advanced solutions can be developed to meet these challenges and optimize production.

This close cooperation means a tighter integration of GE Oil & Gas and SPT Group solutions. Ultimately, GE Oil & Gas and SPT Group aim to develop common user interfaces and new technologies associated with closed loop control and condition monitoring to further improve the efficiency of subsea operations.

“This cooperation framework will allow for online flow assurance to be integrated into our new SmartCenter™ facility, in addition to the Remote Monitoring & Diagnostics capability at our controls systems services hub in Nailsea,” Arnison said.

The GE Oil & Gas SmartCenter is a remote access data hub and a key tool to enable life of field support services. Located in Nailsea, UK, this state of the art technology center will offer remote assistance and services to the field at every stage of development.

SPT Group’s expertise in providing online flow assurance solutions based on OLGA® is well established. “Our aim is to implement a standard way of using OLGA online which can be delivered through selected partners. The cooperation with GE Oil & Gas is a great stride towards achieving this ambition,” says Tom Even Mortensen, CEO SPT Group. “Developing our partners’ capabilities of integrating OLGA-based simulators and streamlining the technology towards online use yields confidence in the deliveries and more efficient deployment.”

Visit GE Oil & Gas at the OTC 2009, Booth # 1117.

About SPT Group

SPT Group (www.sptgroup.com) is the world leader in dynamic modelling for the oil and gas industry - providing a combination of software and consulting services within multiphase flow and reservoir engineering. Predictions are vital to achieve optimal profit and safety in field development and operations. “Be Dynamic®” captures the essence of SPT Group - solutions offering the opportunity to maximize operations and reservoir performance, while minimizing risk and downtime. SPT Group develops and markets OLGA®, Drillbench® and MEPO® technologies, is headquartered in Oslo Norway, with offices worldwide and currently employs 210 professionals.

About GE Oil & Gas

GE Oil & Gas (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. We also provide pipeline integrity solutions, including inspection and data management. As part of our 'Innovation Now' customer focus and commitment, GE Oil & Gas leverages technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 70 countries.

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