General Electric Co. (GE: Quote) announced that it has signed a more than $600 million 22-year contractual services agreement or CSA with Chevron Australia Pty LTD. The new CSA ensures the continued participation of Australian companies and the ongoing creation of economic growth opportunities for local communities in Western Australia.
Under deal, GE Oil & Gas' Global Services division will provide Chevron Australia with scheduled maintenance, access to expertise through resident engineers, monitoring and diagnostics of installed equipment coupled with engineering analytics, plus an inbuilt guarantee relating to continuity of production.
As part of collaboration, GE will manage inventory, supplying initial spare components. The deal will cover 22 years period, with GE's first contract performance manager scheduled to begin working in Perth in October 2012.
The new GE service and maintenance center in Jandakot, Perth, is expected to deliver 4,000 training days in 2013 for GE staff and employees of customers.
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by RTT Staff Writer
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