GE to set up oil and gas research center in Oklahoma, US

GE has announced its plan to launch an oil and gas global research center in Oklahoma and propel new innovative technologies and introduce new products in the market.

The new facility, which will be built at an investment of $110m, will be GE’s first sector specific center and is expected to create 125 high-tech engineering jobs.

The research center will help further develop the potential of the unconventional resources, such as shale gas and promote innovation in the segment, at the same time creating jobs.

Initially, the center is expected to focus on technologies that will enable safe, efficient and reliable production, delivery and use of unconventional oil and gas.

GE chairman and CEO Jeff Immelt said the unconventional resources and shale gas could become one of the biggest productivity drivers for the company.

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

“Collaboration is key to leading the unconventional resource revolution, and in Governor Fallin and the people of Oklahoma, we’ve found excellent partners.”

The new research center will become part of GE’s growing global Research network.