GE Completes Acquisition of Hydril Pressure Control Business, Further Enhancing GE Oil & Gas Offering

FLORENCE, Italy--()--GEs Oil & Gas business today announced the successful completion of its acquisition of Hydril Pressure Control from Tenaris.

Hydril Pressure Control is one of the worlds leading suppliers of pressure control equipment used in the oil and gas drilling industry, with a special focus on deep and ultra-deepwater applications. Its product lines include Blowout Preventer (BOP) systems, parts, and repair and field services to maintain its installed base of products.

The business is headquartered in Houston, Texas and employs over 750 people globally, who will join the GE Oil & Gas team of 10,500 professionals operating in more than 70 locations worldwide.

About GE's Oil & Gas business

GE's Oil & Gas business (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the global oil and gas industry. With headquarters in Florence, Italy, and operations in more than 70 worldwide locations, the company offers complete solutions for production, LNG, transportation, storage, refineries, and petrochemicals, as well as pipeline integrity solutions including pipeline-related software and pipeline asset management. Through its acquisition of VetcoGray and Hydril Pressure Control, GE Oil & Gas has added products, systems and services for drilling, completion and production within onshore, offshore and subsea applications.

Contacts

GE
Oil & Gas
Gabriele Peri or Sara Hassett
+39 055 423 8280/3361
gabriele.peri@ge.com
sara.hassett@ge.com
or
GE
Peter O'Toole, +1-203-373-2547
+1-203-912-3233 (mobile)
peter.otoole@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto, +1-518-786-6488
kenneth.darling@ge.com/howard.masto@ge.com

Contacts

GE
Oil & Gas
Gabriele Peri or Sara Hassett
+39 055 423 8280/3361
gabriele.peri@ge.com
sara.hassett@ge.com
or
GE
Peter O'Toole, +1-203-373-2547
+1-203-912-3233 (mobile)
peter.otoole@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto, +1-518-786-6488
kenneth.darling@ge.com/howard.masto@ge.com