US's GE Oil & Gas signs agreement with Gulf Petrochemical Industries Company

GE Oil & Gas to drive the operational excellence of GPIC’s plant in Bahrain.

  
Zaher Ibrahim, CEO of GE Oil Gas – Saudi Arabia Bahrain, and Dr. Abdulrahman Jawahery, President, Gulf Petrochemical Industries Company (GPIC), at the signing ceremony with officials of both entities.

Zaher Ibrahim, CEO of GE Oil & Gas – Saudi Arabia & Bahrain, and Dr. Abdulrahman Jawahery, President, Gulf Petrochemical Industries Company (GPIC), at the signing ceremony with officials of both entities.

Underlines commitment of GE Oil & Gas to driving operational excellence of GPIC plant

Bahrain, April 16, 2017

GE Oil & Gas (NYSE: GE) has signed a long-term multi-outage agreement with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain. The partnership will strengthen the competency of GPIC to supply products including ammonia and methanol that drive the growth of downstream industries and contribute to Bahrain’s national economy.

As part of the agreement, GE Oil & Gas will offer the full spectrum of outage turnkey services, spare parts and repairs for the GPIC plant. It also covers the servicing of scheduled outages for a period from 2018 to 2026. The collaboration between GPIC and GE Oil & Gas will allow the technical teams to conduct all consultative checks ahead of time, ensuring that the key process equipment crucial for GPIC’s production – such as syngas trains, mug trains, carbon dioxide compressors and gas turbine generators –continues to operate while unnecessary downtime is reduced significantly.

The partnership between GPIC and GE Oil & Gas will lay the foundation for future adoption of GE Predix-based solutions including Asset Performance Management (APM), a major step towards the full digitalization of the overall plant, contributing to optimal asset utilization and increased operational efficiency.

Zaher Ibrahim, CEO of GE Oil & Gas – Saudi Arabia & Bahrain, said: “The agreement with GPIC is a milestone in our long-term partnership with the organization that is owned by our major clients. As a key contributor to the national economy of Bahrain, GPIC focuses on products that have extensive application in downstream industries. The multi-outage agreement will strengthen the efficiency of the GPIC plant and contribute to higher levels of productivity and operational safety. This also further demonstrates GE Oil & Gas’ full stream capabilities and the productivity gains that can be realized through such close-collaboration.”

Established in 1979 as a joint venture between GCC member states for the manufacture of fertilizers and petrochemicals, GPIC is owned by NOGA Holding Bahrain, Saudi Basic Industries Corporation (SABIC) and Petrochemical Industries Company (PIC) of Kuwait, which are leading customers of GE.

Dr. Abdulrahman Jawahery, President, GPIC, added: “At GPIC, we are focused on strengthening the all-round efficiency and safety standards of the plant. Reducing unplanned downtime and increasing the operational workflow is critical to achieving our production targets. The multi-outage agreement that we signed with GE, our long-term partner, brings the latest technology strengths to GPIC.”

GE Oil & Gas provides a wide selection of advanced equipment for GPIC’s shareholders including pumps and Frame 5 gas turbine generators. Across the board, GE Oil & Gas prioritizes safety, quality and operational excellence with the goal of delivering higher levels of productivity and increased uptime of the assets.

GE Oil & Gas has had a strong presence in the region, including Bahrain, for more than 80 years and has continued to invest in its capabilities with local centers of excellence in Bahrain, training programs for Bahraini nationals and by driving local research in technology.

-Ends-

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About GE:
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Oil & Gas:
GE Oil & Gas works on the things that matter in the oil and gas industry.  In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. www.geoilandgas.com. Follow GE Oil & Gas on Twitter @GE_OilandGas

For more information, please contact:                                                                                           
Ulviyya Hasanzade                                                                               
Communications Leader, MENAT, GE Oil & Gas
+971 48173760 
ulviyya.hasanzade@ge.com

Kelly Home | Nivine William                                                      
ASDA’A Burson-Marsteller 
+9714 4507 600
kelly.home@bm.com 
nivine.william@bm.com

© Press Release 2017


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