(Source: GE - General Electric Company) 18 September 2012 GE Signs Record Contract of Nearly US$1.1 Billion with Petrobras World's Biggest Contract in Subsea Wellhead Production Pact Strengthens Partnership Between the Two Companies Boosts Development of the Sector and Commitment to Local Production RIO DE JANEIRO, BRAZIL-September 18, 2012-GE Oil & Gas (NYSE: GE) and Brazilian energy company Petrobras have signed the world's largest subsea wellhead production contract, worth nearly US$1.1 billion (R$2.2 billion). This includes the delivery of approximately 380 subsea wellhead systems and installation tools needed in oil well exploration, and more than 75 percent of the parts will be...
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