Under the agreement, GE will provide a range of services including project management, inventory storage, preventative maintenance and obsolescence management.
It added that additional services on demand would include engineering analysis, field services, rental tooling, corrective maintenance, wellheads, spare equipment and training.
“We are proud to expand our relationship with Chevron, and to provide Industrial Internet services that will support operational efficiency and productivity,” GE Oil & Gas regional director Mary Hackett said.
“Lower commodity prices and continued market volatility present an opportunity for businesses to invest in technology to help them get the most out of their assets.