The agreement reached by GE Oil &Gas and PetroVietnam in Washington DC on April 12 sets out a clearbasis for continued successful cooperation between the US andVietnamese groups in the coming years, confirmed a GE Oil & Gasofficial.
Talking on the occasion of the signing of a memorandum ofunderstanding (MOU) on long-term cooperation between GE Oil & Gas,an affiliate of GE of the USA , and PetroVietnam, President & CEOof GE Oil & Gas, Mr. Claudi Santiago said : "We are honored to signthis MOU with Petrovietnam, already a highly valued partner to GE Oil& Gas. Our agreement sets out a clear basis for continued successfulcooperation in the coming years. We are dedicated to supporting thecontinued development of oil and gas resources in Vietnam and arecapable of delivering technologically advanced projects of significantscale to meet the growing energy needs of Vietnam and the region".
According to GE Oil & Gas, the MOU outlines the principles andbasis of long-term collaboration between GE Oil & Gas andPetroVietnam regarding the supply of advanced oil and gas equipment,services and spare parts to optimize the total life-cycle value of keyoil and gas projects.
GE Oil & Gas Apr. 12 press release said that the signed MOUcreates a framework to improve future transactions based on standardizedcontractual terms, conditions and manufacturing slot reservations, andprovides for potential future cooperation on new oil and gastechnologies, technical support on projects and advanced skillsdevelopment and training.
It added that GE Oil & Gas has a strong local presence in Hanoiand Ho Chi Minh City for turbomachinery and drilling and productionequipment and services support respectively. GE Oil & Gas providesadvanced technology equipment and services to several high-profileprojects in Vietnam , such as the BP Pipeline, Dung Quat Refinery,Phu My Refinery, Ca Mau Fertilizer and Vietsovpetro.
The MOU will enable GE Oil & Gas to more effectively partner onother potential large-scale projects with PetroVietnam, includingPetroVietnam's Nghi Son Refinery, Long Son Refinery, Chevron Block BOff-Shore development and the Long Son Petrochem Complex, said the pressrelease./.
Talking on the occasion of the signing of a memorandum ofunderstanding (MOU) on long-term cooperation between GE Oil & Gas,an affiliate of GE of the USA , and PetroVietnam, President & CEOof GE Oil & Gas, Mr. Claudi Santiago said : "We are honored to signthis MOU with Petrovietnam, already a highly valued partner to GE Oil& Gas. Our agreement sets out a clear basis for continued successfulcooperation in the coming years. We are dedicated to supporting thecontinued development of oil and gas resources in Vietnam and arecapable of delivering technologically advanced projects of significantscale to meet the growing energy needs of Vietnam and the region".
According to GE Oil & Gas, the MOU outlines the principles andbasis of long-term collaboration between GE Oil & Gas andPetroVietnam regarding the supply of advanced oil and gas equipment,services and spare parts to optimize the total life-cycle value of keyoil and gas projects.
GE Oil & Gas Apr. 12 press release said that the signed MOUcreates a framework to improve future transactions based on standardizedcontractual terms, conditions and manufacturing slot reservations, andprovides for potential future cooperation on new oil and gastechnologies, technical support on projects and advanced skillsdevelopment and training.
It added that GE Oil & Gas has a strong local presence in Hanoiand Ho Chi Minh City for turbomachinery and drilling and productionequipment and services support respectively. GE Oil & Gas providesadvanced technology equipment and services to several high-profileprojects in Vietnam , such as the BP Pipeline, Dung Quat Refinery,Phu My Refinery, Ca Mau Fertilizer and Vietsovpetro.
The MOU will enable GE Oil & Gas to more effectively partner onother potential large-scale projects with PetroVietnam, includingPetroVietnam's Nghi Son Refinery, Long Son Refinery, Chevron Block BOff-Shore development and the Long Son Petrochem Complex, said the pressrelease./.
