GE Energy (NYSE: GE) announced today that it is investing $10 million in the development of a new Oil & Gas Training Facility to support and advance training and development for its customers and employees. Training at the facility will focus on customer, technical and leadership skills aimed to meet the changing needs and growing global demand for drilling technologies. Scheduled to open in the fourth quarter of 2012, the 50,000-square-foot facility will be GE’s premier oil and gas training facility in the U.S. The company also is creating approximately 100 new technical jobs in Houston to support the growth of GE’s Drilling Systems business, which is headquartered at the same location.
Rendering of GE's new Oil & Gas Training Facility in Houston, Texas (Photo: Business Wire)
Located at GE’s Drilling Systems Technology Center, the new facility will continue to drive competitiveness in the region and reinforces Houston’s claim to the title of “energy capital of the world.” “Despite tough economic times, Houston has demonstrated an unwavering economic strength—due in no small part to the energy leadership and innovative manufacturing found throughout this region,” said John Krenicki, vice chairman, GE and president and CEO, GE Energy. “Today’s announcement emphasizes our continued commitment to investing in solutions that power the world, as well as in opportunities that drive American competitiveness.” Krenicki announced the new investment following a keynote address to local business and community leaders at a breakfast co-hosted with Greater Houston Partnership. His address, and the subsequent panel discussion, focused on what’s working in Houston’s dynamic energy and manufacturing sectors and the critical role of innovation to ensure continued growth. “The new Oil & Gas Training Center is a key part of our strategy to meet the growing global demand in drilling technology,” said Chuck Chauviere, general manager, drilling, GE Oil & Gas. “At GE, safety is a top priority and the continuing development of a safe, well-trained workforce is the key to the industry’s success. Through this investment, we are continuing our commitment to deliver world-class internal training programs and innovative solutions to meet our customer’s needs every day.”