GE extends subsea wellhead supply deal

GE Oil and Gas, a supplier of subsea hardware, has signed a frame agreement with oil and gas company Maersk Oil, under which GE will continue to supply subsea wellheads, trees and tubular products for exploration and developed projects in the North Sea.

GE estimates the total value of the project, which will run for a five-year period from 1 March 2010, to be in excess of $80m (£52m).