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GE wins over $600M in contracts to support Brazil's pre-salt oil and gas fields

In the last 12 months, GE has won contracts valued at more than $600M to provide propulsion systems with customers leading the pre-salt oilfield expansion off Brazil’s east coast. GE’s systems will power, propel, navigate, position and control drillships and also power and control the drilling process itself. GE is in the process of building systems for 22 of the 29 drillships for the current phase of the Brazilian oil and gas exploration by Brazilian energy corporation Petrobras (PBR).