Rio De Janeiro, Brazil - 13 November 2014 - General Electric has opened the $500 million Brazil Technology Center that will focus on developing advanced subsea oil and gas technology. The center, GE’s first in Latin America, will be a hub for engagement and collaboration with GE’s customers in the region and is expected to employ 400 researchers in the future.
Through the Brazil Technology Center, GE is engaged with several of its Oil & Gas customer partners to develop all the pieces that will make this subsea oil and gas processing facility a reality. Today, GE announced the first of these efforts, unveiling plans to work with customers Petrobras and BG Group in the future.
“Our new research center in Brazil will allow GE to innovate locally for our customers in Latin America and then export those innovations to the world,“ said GE Chairman and CEO Jeff Immelt.
Mark Little, Senior Vice President and Chief Technology Officer, GE Global Research said, “Expanding opportunities for oil & gas production in ultra-deep waters requires the kind of industry and technology know-how for extreme environments that is a part of GE’s DNA. The Brazil Technology Center is a place where we can work closely with local customers and universities in the region and harness the full power of our global research network to drive innovation in ways no one else can.”
The Center is located on the Ilha do Bom Jesus peninsula in Rio de Janeiro. GE has been in Brazil since 1919 and, today, employs more than 8,800 people in the country. The GE Brazil Technology Center is one of nine research centers globally and one of five outside the U.S. The company has operations throughout the country, including São Paulo, Minas Gerais and Rio de Janeiro. The new R&D center in Rio is approximately 250,000 square feet, of which half is devoted to lab space.