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General Electric Company (NYSE:GE): Current price $21.20

GE Oil & Gas  has been awarded a contract with a value in excess of $500 million to provide turbomachinery equipment and services to Petrobras (NYSE:PBR). The arrangement will serve the four new floating production, storage and offloading units in the Cesso Onerosa region of the Santos Basin pre-salt fields in the state of São Paulo. Besides core equipment, the new contract includes technical help for installation and commissioning start-up and extensive services like repair, dedicated local field service engineers and customer training.


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