The GE service agreement includes planned and unplanned outages, parts and repairs, an availability guarantee, remote monitoring and diagnostics and an on-site GE team of technicians. The agreement will be supported by GE’s technology and services center in the Kaluga region of Russia.“The current service agreement was scheduled to end in 2016, and the 16-year extension is testament to our ability to deliver technological innovation and guarantee availability under the most challenging circumstances,” said Girish Saligram, head of contractual services for GE Oil & Gas’ Global Services business. “While Russia continues to invest in the industry, few customers wish to engage in long-term partnerships; but Sakhalin Energy recognizes the value of such a relationship.” Both the federal government of Russia and the Sakhalin Oblast (regional government) benefit from taxes paid by Sakhalin Energy, with funds used for infrastructure upgrades including roads, ports, railways, hospitals, airports and waste management. The project also creates new jobs, develops local skills and introduces new technology to the Sakhalin region. About GE GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com. About GE Oil & Gas GE Oil & Gas is a world leader in advanced technologies and services with 37,000 employees in more than 100 countries supporting customers across the industry—from extraction to transportation to end use. Making the environment, health and safety, quality and integrity our highest priorities is The Way We Work. Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors. Through our customized service solutions, training programs and technologies, GE Oil & Gas partners with customers to maximize their efficiency, productivity and equipment reliability; develop their next generation workforce; and fully benefit from the megatrends of natural gas, the growth of subsea and hard-to-reach reserves and the revolution in asset health management.
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