GE Oil and Gas and Pertamina Drilling Services Indonesia (PDSI) have signed a memorandum of understanding (MoU) to cooperate in developing integrated solutions for oil, gas and geothermal equipment and services.
Under terms of the agreement, GE and PDSI will jointly develop efficient drilling equipment and solutions for onshore and offshore applications.
The firms will also align GE's oil and gas solutions with Pertamina's objectives to better anticipate technology needs.
The co-operation will also enable GE to develop oil and gas technology in accordance with strategic objectives of Pertamina to anticipate technological needs and streamline the delivery process.
"Under terms of the agreement, GE and PDSI will jointly develop efficient drilling equipment and solutions for onshore and offshore applications."
The collaboration involves assessing opportunities for joint business development to market equipment and services to support oil, gas and geothermal operations in Indonesia, as well as explore potential opportunities to develop equipment maintenance workshop facilities, spare parts inventory and a technical training center, which will build local service capabilities for Pertamina.
GE Oil and Gas Asia Pacific regional general manager Visal Leng said: "With the increasing complexity in the industry, it is critical to bring innovations that can help increase efficiency and improve operations, and this is where GE can help."
GE Oil and Gas Indonesia president director Iwan Chandra said: "We are pleased to partner with PDSI in bringing the latest technology and solutions that can optimise operations for Indonesia's oil and gas sector."
PDSI marketing and development director Lelin Eprianto said: "This cooperation will help PDSI to achieve our vision to be an integrated drilling solution provider by bringing latest technology and resources from GE Oil and Gas Indonesia."
PT Pertamina Drilling Services Indonesia (PDSI), a subsidiary of PT Pertamina (Persero) provides services and integrated drilling solutions for oil, gas and geothermal exploration, exploitation and work-over drilling.
GE is a provider of technology and solutions in aviation, transportation, power generation, energy management, oil and gas, health and lighting.