GE and Malaysia's SapuraCrest opens US$3.5M oil and gas services facility in Kuala Lumpur, to supply gas turbines, compressors, and provide support to regional operators

KUALA LUMPUR, Malaysia , May 30, 2011 (press release) – Facility Provides Advanced Services Capabilities to Support GE’s Installed Fleet of High-Tech, Mission-Critical Oil and Gas Equipment in Malaysia
Expands GE’s Localized Presence in the Asia Pacific Region
Official Opening Attended by Malaysian Trade Minister, PETRONAS Carigali CEO and VIPs


Strengthening its long-term partnership with GE (NYSE: GE), SapuraCrest Petroleum Berhad, Malaysia’s largest integrated oil and gas service provider and a subsidiary of Sapura Group, has opened an expanded, state of the art Regional Services Center (RSC) in Kuala Lumpur, Malaysia.

Covering approximately 24,000 sq. meters, the new $3.5M investment facility enables Sapura and GE to enhance support to key oil and gas operators in Malaysia and the region, including PETRONAS, Malaysia’s national oil and gas company which has both a global frame agreement in place with GE Oil & Gas for the supply of a range of gas turbines and compressors and, secondly, a long-term service agreement in place with Sapura to provide services to GE’s fleet of installed equipment in the country.

Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of International Trade & Industry performed the ribbon-cutting at a ceremony attended by over 120 customers and VIPs, including Datuk Abdullah Karim, CEO of PETRONAS Carigali.

Datuk Shahril Shamsuddin, President and CEO of Sapura Group said: “This is a key milestone in our commitment to further push our capabilities into areas strategic to our growth. The partnership with GE will enable Sapura Service Centre to offer an enhanced value proposition to our Malaysian and regional customers to maintain their oil and gas producing equipment at peak performance levels. We have invested RM12million over the last ten years in this facility, to develop our capabilities, processes and facilities to comply with global standards. This certification by GE positions us even stronger and would also result in faster turnaround and cost savings for our customers.”

Stuart Dean, CEO of GE ASEAN added: “The Sapura facility expansion highlights the strength of our partnership with Sapura and GE’s overall commitment to a strong, localized presence in Malaysia and the region. Malaysia’s dynamic oil and gas industry is an important contributor to world energy markets. GE is now even better positioned to deliver enhanced services capabilities to meet the needs of PETRONAS and other customers operating in the region.”

The Sapura RSC provides an enhanced range of GE Oil & Gas turbomachinery related services, including maintenance and repairs, designed to enhance the efficiency and performance of GE’s fleet of high-tech heavy duty and aeroderivative gas turbines and compressors installed in Malaysia and the region. The facility will also support GE’s continued expansion in the drilling and production industry.

About GE Oil & Gas

GE Oil & Gas (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. GE Oil & Gas also provides pipeline integrity solutions, including inspection and data management, and designs and manufactures wire-line and drilling measurement solutions for the oilfield services segment. GE Oil & Gas exploits technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 16,000 people worldwide and operates in over 100 countries.

About GE Energy

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy www.ge.com/energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

About GE

GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

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