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GE Oil & Gas wins $500M Petrobras contract

GE Oil & Gas (GE) has won a contract worth more than $500M to supply turbomachinery equipment and services to Petrobras (PBR). The contract will serve the four new floating production, storage and offloading units in the Cessão Onerosa region of the Santos Basin pre-salt fields, in the state of São Paulo. In addition to core equipment, the new contract includes technical assistance for installation and commissioning start-up and extensive services, such as repair, dedicated local field service engineers and customer training.