Baker Hughes, Aramco to Expand Integrated Coiled Tubing Drilling Operations Across Saudi Arabia
Rhea-AI Summary
Baker Hughes (NASDAQ: BKR) won a multi-year award from Aramco to expand integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in Q3 2025 and will expand Baker Hughes’ UBCTD fleet from 4 to 10 units for re-entry and greenfield projects. Services include coiled tubing drilling units, underbalanced drilling, operational management, well construction and geosciences, using CoilTrak™ BHA and GaffneyCline™ advisory. Work under the expanded agreement is scheduled to commence in 2026.
Positive
- UBCTD fleet expansion from 4 to 10 units
- Order booked in Q3 2025
- Multi-year agreement covering drilling, operations, and geosciences
- Work scheduled to commence in 2026
- Use of CoilTrak™ BHA and GaffneyCline™ advisory for reservoir analysis
Negative
- None.
News Market Reaction 3 Alerts
On the day this news was published, BKR declined 3.25%, reflecting a moderate negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1.55B from the company's valuation, bringing the market cap to $46.24B at that time.
Data tracked by StockTitan Argus on the day of publication.
- Multi-year agreement will increase Baker Hughes’ coiled tubing drilling fleet from four to 10 units across the country’s natural gas fields
- Additional scope includes underbalanced drilling services, operational management, well construction and geosciences
HOUSTON and LONDON, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday an award from Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in the third quarter of 2025.
Under the multi-year agreement, Baker Hughes will expand its current UBCTD fleet from four to 10 units for re-entry and greenfield drilling projects across fields in the Kingdom. The company will provide integrated solutions to manage all aspects of the UBCTD operations, including coiled tubing drilling units, underbalanced drilling services, operational management, well construction, and geosciences to scale and accelerate their access to gas from new and established fields.
“This project is the result of nearly two decades of successful collaboration between Baker Hughes and Aramco, which have set the standard for UBCTD,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “By combining advanced technologies with a holistic, integrated approach, we can support Aramco to more efficiently access bypassed and hard-to-reach hydrocarbons and produce the resources that help the Kingdom thrive. This expansion sets the stage for further innovation in UBCTD, which has the potential to shape how oil and gas are produced around the world.”
Baker Hughes’ integrated approach to UBCTD includes the industry-leading CoilTrak™ bottomhole assembly (BHA) system and enhanced reservoir analysis driven by GaffneyCline™ energy advisory. This unique pairing of technology and insight allows operators to more effectively navigate the subsurface environment during horizontal drilling and re-entry operations. By combining these solutions with holistic project management services, Baker Hughes will enhance production efficiency, speed and safety while mitigating reservoir damage when compared to traditional development methods.
The multi-year agreement for expanded services further reinforces Baker Hughes’ proven track record in Saudi Arabia since entering the UBCTD market in 2008. The company continues to maintain a strong health, safety, and environment (HSE) record while consistently delivering operational excellence through its existing four UBCTD units in the Kingdom. Work under the expanded agreement is scheduled to commence in 2026.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
For more information, please contact:
Media Relations
Brian Reynolds
+1 363-315-6663
brian.reynolds@bakerhughes.com
Investor Relations:
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
FAQ
What did Baker Hughes (BKR) announce on October 24, 2025 about Saudi Arabia operations?
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