GE Oil & GasAnnounces Key Downstream Long-Term Services Agreement with QatarFertiliser

Environment

GE Oil & GasAnnounces Key Downstream Long-Term Services Agreement with QatarFertiliser

Dubai, UAE; February2, 2015: GE Oil & Gas(NYSE: GE) today announced its Downstream Technology Solutions (DTS) business has been awardeda long-term service contract with Qatar Fertiliser CompanyQSCC (QAFCO)to help optimize the performance of the companys fertilizer plant in Mesaieed, Qatar. QAFCO is one of the worlds largest fertilizer producers.

The actual agreement is between QAFCO and GEs joint venture with Qatar Petroleum, Al-Shaheen GE Services Company (QSC), which supports GEs regionalization strategy of deploying capability and resources closer to its customers around the world.

The long-term service agreementcovers the standard maintenance and repairs ofexistingGE on-site power and compression equipment as well as training for QAFCO workers and site operators.QAFCOs Mesaieed facility produces ammonia and urea contributing to the total QAFCO annual production capacity of 3.8 million MT of ammonia and 5.6 million MT of urea.

A key priority for us is to optimize the long-term availability and efficiency of our Mesaieed plants existing fertilizer production facilities, saidKhalifa A Al Sowaidi, Chief Executive Officer. Not only is GE Oil & Gas the original equipment manufacturer for the gas and steam turbines, centrifugal compressors and associated equipment, but it also has the proven local customer services capabilities we need to help us meet our production targets.

The agreement with QAFCO comes nearly a year after GE first launched its DTS business to more effectively serve the US$10 billion refining, petrochemical, industrial and distributed gas segments. DTS provides integrated solutions, adding the value of a single equipment source with a key focus on applications for ethylene, low-density polyethylene, ammonia and urea as well as refinery processing.

Rami Qasem, President & CEO of GE Oil & Gas for the Middle East, North Africa and Turkey, said: This agreement with QAFCO further builds on our strong partnership with the organization and our long-term presence in Qatar. Our existing equipment will bring the cutting edge in GEs innovative technology, assuring higher efficiency, reliability and will support the optimal performance of the companys fertilizer plant in Mesaieed, Qatar.

Our long-term service agreement with QAFCO illustrates the many advantages that we can offer our customers in the fertilizer and other downstream industries through our collaborations with local project partners, said Hasan Dandashly, President & CEO of DTS, GE Oil & Gas. The agreement also underscores how GEs regionalization strategy enhances the value of our products and services in Qatar and throughout the Middle East.

The new service agreement includes the following equipment at Mesaieed:
Six Frame 6gas turbines
33 centrifugal compressors (various models)
17 steam turbines
16 centrifugal pumps