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Igor Sechin Visits GE Production Facilities and Engineering Centers in Great Britain and USA

26 April 2013

As part of working trips to Great Britain and the USA on April 23-26, 2013 Igor Sechin, Rosneft President and Chairman of the Management Board, visited GE production facility of offshore and subsea solutions in Aberdeen (UK) and GE’s Global Research Center in Niskayuna (USA). As part of the visits he also held meetings with GE management: GE Chairman and CEO Jeff Immelt, Senior Vice President and Chief technology Officer Mark Little, CEO and President of GE Oil & Gas Dan Heintzelman, and President and CEO of GE in Russia and CIS Ron Pollett.

GE has introduced Rosneft to unique engineering technologies and equipment that enable the achievement of maximum efficiency in full-cycle gas utilization, from power generation to LNG solutions, as well as technologies for offshore and subsea development, including Arctic offshore field development.

Commenting on the tour of GE facilities and engineering centers, Igor Sechin said: “Nowadays we are focusing our efforts on the sustainable growth of the oil and gas sector. To fulfill the potential of our large-scale projects, we need the most efficient, state-of-the-art technologies, including those localized in Russia. And it is evident that GE’s technological platform complies with this high-quality standard.”

Jeff Immelt, GE Chairman and CEO: “Success in the oil and gas sector depends on two things: partnership and cutting edge technology. GE is proud to work with our Russian partners in providing both our global expertise and local solutions for extracting and distributing oil and gas."

Ron Pollett, President and CEO of GE in Russia and CIS: “GE has a unique portfolio of products and services, which in our opinion can contribute to the implementation of the large-scale projects of the Russian oil and gas industry. The partnership with Rosneft highlights the huge role of advanced technologies and gives additional momentum to the sustainable development of the Russian oil industry. We are grateful to Rosneft for their support in the localization of the most innovative global equipment here in Russia.”

Notes for Editors:

About Rosneft

Rosneft is a Russian oil industry leader and one of the largest public oil and gas companies in the world. Rosneft’s main operations are exploring for and producing oil and gas and producing and selling petroleum products and petrochemicals.

In 2012, Rosneft confirmed its status as the world’s largest company by proved liquid hydrocarbon reserves as well as its position as the undisputed leader by hydrocarbon resources among publicly traded oil and gas companies.

The Company is carrying out large-scale investment projects, entering new markets, establishing global energy partnerships and making large-scale acquisitions. Rosneft has become the largest publicly traded oil producer in the world after TNK-BP acquisition.

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 a world leader in advanced technologies and services with 37,000 employees in more than 100 countries supporting customers across the industry—from extraction to transportation to end use. Making the environment, health and safety, quality and integrity our highest priorities is The Way We Work. Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors. Through our customized service solutions, training programs and technologies, GE Oil & Gas partners with customers to maximize their efficiency, productivity and equipment reliability; develop their next generation workforce; and fully benefit from the megatrends of natural gas, the growth of subsea and hard-to-reach reserves and the revolution in asset health management. Follow GE Oil & Gas on Twitter @GE_OilandGas.

About GE in Russia

GE has worked in Russia since the beginning of the 20th century, when it participated in the implementation of the GOELRO plan, supplied the first diesel locomotives and oil and gas equipment for the country. Today all GE business departments are present in Russia, working in such spheres as healthcare, transport, aviation, power industry, oil and gas, water treatment, lighting engineering, and finance. With a HQ in Moscow, GE Russia covers nine time zones and employs 3,400 people in more than 35 major cities in Russia. In 2012, GE revenue in Russia (CIS included) exceeded $2,5 billion. As of today, GE supplied 660+ compressors & 600+ turbines, 80+ tons of water are processed each second by installed GE water treatment technologies,10 000 units of medical equipment supplied to 4700+ clinics, 800+ aircraft are equipped with GE engines and 460+ diesel locomotives have been modernized.

Rosneft
Information Division,
April 26, 2013