General Electric announced Wednesday it will build a new Global Research Center in Oklahoma.
The new center will be dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster.
The new facility, which is GE Research’s first sector-specific Center, is a $110 million investment and will result in the creation of 125 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering.
GE Chairman and CEO Jeff Immelt and Oklahoma Governor Mary Fallin made the announcement at the state capitol on Wednesday morning.
Oklahoma Governor Mary Fallin said, “In Oklahoma, we know that America’s energy security and economic well-being demand more domestic energy production. Technology continues to be the key to unlocking new energy resources and effectively utilizing those we have already discovered. I am thrilled that GE, with its rich history of innovation, has chosen Oklahoma as the home for these new technologies. Their announcement today is one more indication that our state is nationally and even internationally recognized as a leader in energy and the home of a dynamic and robust economy. Whether it’s international powerhouses like GE or small businesses, Oklahoma is a fantastic place to locate and to invest in.”
The launch of the new Center comes as the availability of unconventional resources, such as shale gas, is changing the global energy landscape and has the potential to create jobs, fuel innovation and lead to greater energy independence. The Center will initially focus on technologies that enable safe, efficient and reliable production, delivery and use of unconventional oil and gas.
“Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime,” said GE Chairman and CEO Jeff Immelt. “At GE, we see a tremendous opportunity in the oil and gas space. Since 2007, we have invested $11 billion to build broad technical capabilities that can deliver productivity gains and foster innovation for our customers. Collaboration is key to leading the unconventional resource revolution, and in Governor Fallin and the people of Oklahoma, we’ve found excellent partners.”
Oklahoma City is home to GE Oil & Gas’s Artificial Lift business, which is a recognized leader in electric submersible pump manufacturing and services with more than 550 GE employees located here.
The search for a specific site for the new center is under way and expected to be completed soon. GE is currently evaluating locations that will help the company capitalize on the renowned academic institutions, including the University of Oklahoma, as well as the skilled workforce in the Oklahoma City area.
To learn more about the new Center, please visit http://ge.geglobalresearch.com/locations/oklahoma-city-ok-usa