GE Oil & Gas has secured a $147m engineering, procurement and construction (EPC) contract from Statoil for its Snøhvit carbon dioxide (CO2) injection project in Barents Sea.

As part of the contract, GE will supply subsea production and injection equipment for Statoil’s Snøhvit carbon dioxide injection project.

CO2, which is naturally present in the reservoir, is produced with natural gas at the field. The gas is separated from the natural gas onshore and is pumped back to the reservoir through a dedicated pipeline.

The new CO2 injection facilities will accommodate Statoil’s need for additional injection capacity over the lifetime of the Snøhvit gas field.

GE Oil & Gas Subsea Systems CEO Rod Christie said, "We are committed to helping our customers meet their most difficult technical and logistical challenges in developing new and more mature gas fields, ensuring a more sustainable and environmentally friendly development."

The company will manufacture the trees at its Aberdeen facility and the control systems at its facility in Nailsea, UK, while the subsea template and manifold components will be built in Norway.

GE will deliver the equipment during the second quarter of 2015.