Technology | Service & Supply | Water Treatment
Devon and GE Jointly To Focus on Water and Drilling Tech
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Under the agreement, GE will collaborate with Devon on advancing innovations in three specific technology areas including:
- Artificial lift systems used for increasing the flow of liquids from production wells.
- Advanced drilling technologies to improve performance, reduce costs and reduce environmental impact.
- Water treatment and processing to reduce water use and better utilize water resources for unconventional oil and natural gas development.
"Our new TCA with Devon builds on years of collaboration with the goal of helping unconventional projects reach new levels of efficiency and production capacity," said Lorenzo Simonelli, president and CEO of GE Oil & Gas. "We will collaborate with Devon using the GE Oil & Gas Technology Center to develop ideas that can be quickly tested in the field. We aim to quickly deploy technologies that can improve the economics and operational performance of unconventional oil and gas projects throughout the United States and around the world as more countries seek to develop their oil and natural gas resources."
The TCA with Devon is closely aligned with GE's new technology center, which will focus on developing and applying technologies and processes that are better, smarter, cleaner, safer, faster and more efficient in the areas of production systems, well construction, water use optimization, CO2 solutions and energy systems.
"Devon has a long-standing commitment to developing innovative approaches to produce oil and natural gas," said John Richels, president and chief executive officer of Devon Energy. "This relationship with GE is another great opportunity to accelerate development of new technologies and create solutions that are important to our industry, our communities and the customers who benefit from these breakthroughs."
GE has supplied equipment to Devon for many years, providing wellhead and production control as well as artificial lift systems, and the companies have previously collaborated on industry challenges such as remote field power.