GE Receives $80M Contract from ATP Oil & Gas for Cheviot Oilfield Project in the North Sea

GE Oil & Gas

will supply ATP Oil & Gas Limited with subsea production equipment, ancillary systems and related services for ATP's signature Cheviot oilfield project in the North Sea, under the terms of an $80 million contract. ATP is a unit of Houston, Texas-based ATP Oil & Gas Corporation

. The Cheviot Field lies approximately 100 kilometers (km) east of the Shetland Isles in the northern part of the North Sea and is a redevelopment of a previous field with still significant reserves that ATP can recover economically and with modern technology.