Baker Hughes Inks Service Contract with Saudi Aramco



Baker Hughes Inks Service Contract with Saudi Aramco
Baker Hughes inks a three-year well services contract with Saudi Aramco.

Baker Hughes, a GE company (BHGE) has landed a three-year contract with Saudi Aramco for stimulation and well testing, the company announced Dec. 4.

The contract, which includes the option of two one-year extensions, will involve BHGE optimizing production from new and existing wells in Saudi Arabia. Services to be provided are made up of cased-hole wireline logging, perforation, well testing, stimulation, fracturing and other intervention services.

“As a long-term partner supporting the Kingdom’s oil and gas sector, we are committed to bringing advanced technology and service solutions that will help deliver significant levels of upstream productivity and support Saudi Arabia’s strategy to increase gas production for both local consumption and export,” Lorenzo Simonelli, BHGE CEO, said in a company statement.

“The contract further reinforces our integration efforts across conventional fields in Saudi Arabia, helping maintain capacity and meet domestic and global demand,” added Mohammed Y. Al Qahtani, senior vice president of upstream at Saudi Aramco.

The project is forecasted to create more than 200 new engineering, field services and project management jobs, as well as support another 300 existing jobs.

Work is expected to begin this month.



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