BHGE wins three-year contract with Saudi Aramco

11131551896 f6afd0eb5d zBHGE will be leveraging comprehensive approach to improve efficiency and reduce costs for Saudi Aramco. (Image source: Martin Schachermayer/Flickr)Baker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco

BHGE will be a partner in optimising production from new and existing wells across conventional fields in Saudi Arabia.

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. We are pleased to work with BHGE as a partner with proven expertise in the country.”

BHGE will deliver a 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 for Saudi Aramco.

The three-year contract includes the option of two one-year extensions and the project is expected to commence this month, the company added.

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.

Lorenzo Simonelli, chairman, president and CEO of BHGE, commented, “The contract underpins the strength of our portfolio and demonstrates our ability to deliver comprehensive well solutions to improve productivity, reliability and efficiency for our customers.”

“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,” he added.

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