GE, Devon sign collaboration deal

HOUSTON — GE will open up a new technology center in Oklahoma City and partner with oil and gas producer Devon Energy in an effort to improve technology used in unconventional energy production, the companies announced Monday.

The 95,00 square-foot facility, which GE is breaking ground on today, is slated to open in the third quarter of 2015.  It was announced in late 2013.

The partnership with Oklahoma-City based Devon will focus on developing artificial lift systems, which increase the flow of liquids from wells; advanced drilling technologies, which reduce costs and and improve performance; and water treatment and processing technology, which can reduce water use.

GE is a longtime equipment supplier for Devon.

GE will collaborate with Devon to develop technology and test it in the field, said Lorenzo Simonelli, president and CEO of GE Oil & Gas, in a written statement.

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