General Electric and Chevron Corp. on Monday expanded their partnership in a move that promises to send business to GE’s planned Oil and Gas Technology Center in Oklahoma City.
The Chevron GE Technology Alliance will focus initially on flow meters for oil, natural gas and other products.
“It’s one of the many examples of things we’re going to do at the center and the kind of collaboration we’re going to do with the industry,” said Mike Ming, general manager of the Oklahoma City facility. “It validates the commitment the company has to technology development, and that the industry recognizes the benefits of the collaborative approach to technology development.”
The flow meter research is a key example of the kind of research the Oklahoma City center was designed to address, GE Oil and Gas CEO Lorenzo Simonelli said.
“Chevron’s deep understanding of the oil and gas industry, combined with GE’s long tradition of technology development and close collaboration with strategic partners, will uniquely position this new alliance to address the industry’s technology needs,” Simonelli said in a statement Monday. “The solutions developed by this alliance will take on even more industry significance given Chevron’s proven leadership in being first to field-test and deploy new technology breakthroughs.”
The partnership is expected to benefit the entire oil and gas industry.
“GE brings its leading manufacturing capabilities, worldwide marketing, distribution, and extensive R&D (research and development) capabilities not only for oil and gas, but also other business sectors to this alliance,” Paul Siegele, president of Chevron Energy Technology Company and chief technology officer, said in a statement. “Together, we hope to bring impactful new technologies to the industry.”
The expanded alliance is only the latest example of the kind of work researchers will focus on in Oklahoma City, Ming said.
“All of our customers have specific needs,” he said. “We try to address all those needs.”