GE wins Sakhalin service deal

Eoin O'Cinneide

 05 March 2013 13:51 GMT

Engineering giant GE Oil & Gas has secured a contract extension worth over $330 million for services at the Sakhalin-2 project off Far Eastern Russia.

Sakhalin Energy has handed the company the 16-year contract extension covering a number of turbines in use at the vast project.

The total deal value is put at around $333 million. The original contract was set to expire in 2016.

The service agreement covers four GE Frame 7EA gas turbines which drive the process trains for the Sakhalin LNG plant as well as five GE Frame 5 gas turbines used for electricity production at the plant.

Also on Tuesday, GE penned a memorandum of understanding with the Sakhalin provincial government to develop power generation projects for the island.

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