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Apr. 19, 2013

GE Eyes Sites for $110M Research Center

By Gabriel Circiog, Associate Editor

General Electric will build a $110 million Global Research Center in the Oklahoma City area that will pursue innovation in the oil and gas sector and to bringing products to the market faster.

Announced April 3 at the capitol by GE chairman & CEO Jeff Immelt and Gov. Mary Fallin, the facility will be GE Research’s first-sector specific center. It will initially create 125 high-tech jobs for researchers, who will join GE’s global network of 50,000 scientists and engineers.

GE did not immediately reveal details about the facility’s location, design or development timetable. The company said that it is evaluating sites that can draw on educational institutions like the University of Oklahoma and on the metro region’s skilled workforce. Oklahoma City is also home to GE Oil & Gas’ Artificial Lift business, which has more than 550 employees.

“Advancements in technology are revolutionizing the way energy is produced, whether it be deeper subsea fields, hard to reach unconventional resource sources, or mature oil fields getting a second life,” said Daniel Heintzelman, president & CEO of GE Oil & Gas. “The creation of the new center, in close proximity to many of our customers, will allow us to accelerate the development of new technologies and enable GE to deliver even more advanced solutions to our customers faster.”

At the outset, the new center will focus on technologies that permit safe, efficient and reliable production, delivery and use of unconventional oil and gas resources. Unconventional resources like shale gas have the potential to create jobs, fuel innovation and lead to greater energy independence, the company said.

 “At GE, we see a tremendous opportunity in the oil and gas space, “said Immelt. “Since 2007, we have invested $11 billion to build broad technical capabilities that can deliver productivity gains and foster innovation for our customers.”

Photo Courtesy of: GE Power & Water via www.genewscenter.com

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