GE (NYSE: GE) said Friday it selected a site in downtown Oklahoma City for the company’s first-ever Global Research Center dedicated to oil and gas technology.
GE’s new Center will create 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies.
GE has invested approximately $14 billion in its oil and gas business globally since 2007.
The new Center will be located on a site at 10th and Walnut Avenue, near downtown Oklahoma City. Michael Ming has been named general manager of GE’s new Center
Ming said, “New technological breakthroughs in oil and gas are transforming the world’s energy landscape in ways unimagined just a decade ago. The new Center’s close proximity to many of our customers and the State’s great university network and engineering talent will allow us to accelerate the development of new technologies.”
The Center will focus on accelerating mid- to later-stage Oil & Gas technologies developed in GE’s Global Research labs, including production systems, well construction, water use optimization, CO2 solutions, and energy systems, GE said.
Construction on the 95,000 sq. ft. facility will begin in the spring of 2014, with the building expected to be completed and operational in 2015.