Baker Hughes Wins KOC Oil Contract
Baker Hughes has won a significant multi-year contract from Kuwait Oil Company (KOC) to deploy advanced artificial lift technologies aimed at increasing production across Kuwait's oil and gas fields. This agreement supports Kuwait's strategy to enhance recovery from its mature reservoirs.
Under the contract, Baker Hughes will supply electrical submersible pumps (ESPs), along with related installation, monitoring, and maintenance services. The systems will integrate with the company's FusionPro and Leucipa digital solutions to improve reliability and optimize performance.
This award builds on a strong, nearly two-decade partnership in Kuwait. Amerino Gatti, Executive Vice President of Oilfield Services and Equipment at Baker Hughes, stated the contract reflects the company's ongoing role in unlocking value from the country's mature fields.
Baker Hughes maintains a substantial local presence, including a dedicated 25,000-square-meter artificial lift workshop and a recent memorandum of understanding to establish an R&D center at the Ahmadi Innovation Valley. This new contract follows a separate third-quarter award from KOC for advanced wireline and perforation services.
From: https://egyptoil-gas.com/news/baker-hughes-wins-major-koc-contact-to-boost-kuwait-oil-output/
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