Baker Hughes inks three-year contract with Saudi Aramco
BHGE to deliver comprehensive well services solution
Baker Hughes has been awarded a major stimulation and well-testing contract by Saudi Aramco.
The GE company (BHGE) will be a partner in optimising production form new and existing wells across conventional fields in Saudi Arabia.
Lorenzo Simonelli, chairman, president and CEO of BHGE, said: “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.”
BHGE will deliver a comprehensive well services solution including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services.
This will reduce time, costs and complexity while increasing efficiency.
The three-year contract includes the option of two one-year extensions and the project is expected to commence this month (December 2018). The work is expected to create more than 200 new engineering, field services and project management jobs, and indirectly supports an additional 300 existing jobs.
Mohammed Y. Al Qahtani, senior vice president of upstream at Saudi Aramco, said: “The contract further reinforces our integration efforts across conventional fields in Saudi Arabia, helping maintain capacity and meet domestic and global demand.”
With over 2,700 employees in the country, BHGE has more than 10 facilities for manufacturing, maintenance and R&D in the Kingdom. The company has over 1,350 Saudi suppliers in its supply chain and has helped create over 5,300 indirect jobs.