Gen Electric (NYSE:GE)
Historical Stock Chart
5 Years : From Aug 2010 to Aug 2015
In a milestone for the global oil and gas industry, GE (NYSE: GE) is
showcasing its new MaxLift 1800 pump system at the 2012 Offshore
Technology Conference (OTC). This product will pave the way for the use
of dual gradient drilling (DGD) technology in challenging deepwater
DGD significantly lessens the impact of the water column on deepwater
drilling. In addition, drillers can reach reservoirs that are
impractical to access using conventional single gradient drilling. The
net effect of DGD will help optimize the productivity, safety and
efficiency of deepwater wells.
Sam Aquillano, vice president—drilling and surface for GE Oil & Gas
said, “For years, deepwater operators and equipment providers worldwide
have investigated ways to explore reservoirs previously thought
unreachable. Following rigorous prototype testing and successful field
trials since 2001, GE’s MaxLift 1800 will make dual gradient drilling a
reality for the industry, helping optimize the safe and efficient future
drilling of deepwater wells.”
To achieve a dual gradient, flow from a well being drilled is diverted
to the MaxLift 1800 pump, which is located above the blow out preventer
and pumps the cuttings-laden mud back to the drilling vessel in an
auxiliary line. The riser is then filled with seawater density fluid, so
the reservoir ‘feels’ as if the rig is located on the seabed since the
MaxLift pumps prevent the hydrostatic pressure of the mud from being
transmitted back to the wellbore. The new GE pump can deliver up to
1,800 gpm at discharge pressures up to 6,600 psi and can handle solids
up to 1.5 inches in diameter.
Deepwater wells in the Gulf of Mexico and other parts of the world
including West Africa and the Caspian Sea are challenging due to the
narrow pore pressure/fracture gradient environment. The DGD system gives
operators a tool to manage the downhole environment while drilling,
resulting in longer casing strings and/or larger diameter completions.
The DGD system increases drilling efficiency while lowering mechanical
risk and well costs.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
Energy works connecting people and ideas everywhere to create
advanced technologies for powering a cleaner, more productive world.
With more than 100,000 employees in over 100 countries, our diverse
portfolio of product and service solutions and deep industry expertise
help our customers solve their challenges locally. We serve the energy
sector with technologies in such areas as natural gas, oil, coal and
nuclear energy; wind, solar, biogas and water processing; energy
management; and grid modernization. We also offer integrated solutions
to serve energy- and water-intensive industries such as mining, metals,
marine, petrochemical, food & beverage and unconventional fuels.
Follow GE Energy on Twitter @GE_Energy.