From GE:

GE Oil & Gas Signs New Contract with Spain’s Leading Oil Storage and Transportation Firm CLH Group

July 20, 2015

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·  GE Oil & Gas signs new contract for advisory monitoring and diagnostics
·The project illustrates how oil and gas companies can leverage the power of the  condition monitoring to achieve better operational outcomes
·CLH Group will benefit from increased uptime of centrifugal pumps

FLORENCE, ITALY — July 20, 2015—GE Oil & Gas (NYSE: GE) announces today a new contract with CLH Group to provide remote monitoring and diagnostics for its centrifugal pump fleet in its plants in Mora, Adamuz, Loeches, Monzalbarba and Torrejon in Spain. The deal will introduce the first remote centrifugal pump monitoring to be applied in those facilities, optimizing machine performance with analytics.

The 24/7 system will collect and transfer data from CLH sites to the GE Oil & Gas Monitoring and Diagnostics Center where we will continuously analyze the pumps’ performance, identify anomalies, and provide advisory services and actionable recommendations to optimize operations.

This will enable GE Oil & Gas to monitor and verify pump functionality and proactively identify potential issues to reduce failures and to increase machine availability for CLH.  GE’s specific knowledge and expertise as the original equipment manufacturer will be applied to the data acquired to plan effective maintenance and minimize equipment downtime.

“Deviations from required operating specifications can critically impact machine performance and, left unchecked, do excessive damage to both machines and systems” said Basilio Navarro, CLH’s General Manager, Technology and Innovation. “Early detection and management systems and the ability to monitor remotely can dramatically reduce the downtime and costs associated with machine damage”. The introduction of RM&D systems will enable CLH to centralize machine management and make it much more effective.

This project illustrates how oil and gas companies can leverage the  data acquired through condition monitoring – using sensors and advanced analytics – to improve uptime and reliability. 24/7 real time diagnostics drive asset performance management (APM), aimed at helping customers like CLH to optimize the performance of their assets to increase availability and extend asset life, minimize costs, reduce operational risks, and increase production to drive profitable growth.

“This project will introduce our OEM expertise and analytics into the operations of CLH Group’s plants, by providing them with remote monitoring and diagnostics to keep their pumping systems running better and longer. We believe these kinds of arrangements can really help customers like CLH realize better value in their processes and we look forward to getting the system running and starting to see results in the coming months,” said Roberto Baccani, General Manager of Pumps, Valves and Systems (PVS) business, GE Oil & Gas.

About CLH Group

The CLH Group, which comprises Compañía Logística de Hidrocarburos and its subsidiary CLH Aviación, is the leading company in Spain for oil product transportation and storage and is one of the largest private companies in its sector at an international level. It has one of the largest, most efficient integrated oil product transportation and storage networks in the world, with over 4,000 km of oil pipeline and a wide storage capacity.

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 inventing the next industrial era in the oil and gas sector. In our labs and factories, and in the field, we constantly push the boundaries of technology to solve today’s toughest operational & commercial challenges. We have the skills, knowledge and technical expertise to bring together the physical and digital worlds to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.

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