GE Oil & Gas, through its drilling and production business, has secured a $45m contract to supply a tension leg platform (TLP) marine riser tensioner system to Chevron.
A TLP will be employed at Chevron's Big Foot oil and gas field in the deepwater Gulf of Mexico and operate at water depths of 5,200ft.
The Big Foot TLP will be located approximately 225 miles south of New Orleans, US, and include an onboard drilling rig.
The TLP will have a production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day.
GE will begin the installation of the TLP in November 2012, and the production of first oil is expected in 2014.