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Baker Hughes, Aramco to Expand Integrated Coiled Tubing Drilling Operations Across Saudi Arabia

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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.

Baker Hughes (NASDAQ: BKR) ha ottenuto un premio pluriennale da Aramco per espandere le operazioni integrate di perforazione a tubing avvolto in condizioni sotto-pressione (UBCTD) sui giacimenti di gas naturale dell'Arabia Saudita. L'ordine è stato registrato nel terzo trimestre del 2025 e amplierà la flotta UBCTD di Baker Hughes da 4 a 10 unità per progetti di riavvio e progetti greenfield. I servizi includono unità di perforazione con tubing, perforazione in condizioni underbalanced, gestione operativa, costruzione di pozzi e geoscienze, utilizzando CoilTrak™ BHA e consulenza GaffneyCline™. Il lavoro nell'ambito dell'accordo espanso è previsto per iniziare nel 2026.

Baker Hughes (NASDAQ: BKR) obtuvo un premio multianual de Aramco para ampliar las operaciones integradas de perforación con tubería enrollada en desequilibrio (UBCTD) en los campos de gas natural de Arabia Saudita. El pedido se registró en el tercer trimestre de 2025 y ampliará la flota UBCTD de Baker Hughes de 4 a 10 unidades para proyectos de reingreso y desarrollo greenfield. Los servicios incluyen unidades de perforación con tubería enrollada, perforación en desequilibrio, gestión operativa, construcción de pozos y geociencias, utilizando CoilTrak™ BHA y asesoría GaffneyCline™. Los trabajos bajo el acuerdo ampliado están previstos para comenzar en 2026.

Baker Hughes (NASDAQ: BKR)는 Aramco로부터 다년간의 수상 계약을 받아 사우디아라비아의 천연가스 전역에 걸친 UBCTD(언더밸런스드 코일링 튜빙 드릴링) 운영을 확장합니다. 주문은 2025년 3분기에 확정되었고 Baker Hughes의 UBCTD 함대를 4대에서 10대로 재진입 및 신규 개발 프로젝트에 맞춰 확장합니다. 서비스에는 코일링 튜빙 드릴링 유닛, 언더밸런스드 드릴링, 운영 관리, 우물 건설 및 지구과학, CoilTrak™ BHA 및 GaffneyCline™ 자문이 포함됩니다. 확대된 계약에 따른 작업은 2026년에 시작될 예정입니다.

Baker Hughes (NASDAQ: BKR) a reçu d'Aramco une attribution pluriannuelle pour étendre les opérations intégrées de forage à tubage déroulé sous pression (UBCTD) dans les gisements de gaz naturel d'Arabie Saoudite. La commande a été enregistrée au T3 2025 et élargira la flotte UBCTD de Baker Hughes de 4 à 10 unités pour les projets de réentrée et de développement (greenfield). Les services comprennent des unités de forage avec tubage déroulé, forage sous pression, gestion opérationnelle, construction de puits et géosciences, en utilisant CoilTrak™ BHA et les conseils GaffneyCline™. Les travaux dans le cadre de l'accord élargi devraient commencer en 2026.

Baker Hughes (NASDAQ: BKR) hat von Aramco einen mehrjährigen Auftrag erhalten, um integrierte Underbalanced Coiled Tubing Drilling (UBCTD) Operationen in Saudi-Arabiens Erdgasfeldern auszubauen. Der Auftrag wurde im dritten Quartal 2025 verbucht und wird die UBCTD-Flotte von Baker Hughes von 4 auf 10 Einheiten für Re-Entry- und Greenfield-Projekte erweitern. Die Dienstleistungen umfassen Coiled-Tubing-Drilling-Einheiten, Underbalanced-Drilling, Betriebsmanagement, Wells Construction und Geowissenschaften, unter Einsatz von CoilTrak™ BHA und GaffneyCline™ Beratung. Die Arbeiten im Rahmen der erweiterten Vereinbarung sollen im Jahr 2026 beginnen.

Baker Hughes (NASDAQ: BKR) فازت بجائزة متعددة السنوات من أرامكو لتوسيع عمليات الحفر باستخدام أنابيب ملفوفة تحت توازن منخفض (UBCTD) عبر حقول الغاز الطبيعي في المملكة العربية السعودية. تم تسجيل الطلب في الربع الثالث من 2025 وستقوم بتوسيع أسطول UBCTD الخاص بـ Baker Hughes من 4 إلى 10 وحدات لمشروعات إعادة الدخول والمشروعات الخضراء. الخدمات تشمل وحدات حفر tubing ملفوفة، الحفر تحت التوازن المنخفض، إدارة التشغيل، بناء الآبار وعلوم الأرض، باستخدام CoilTrak™ BHA واستشارات GaffneyCline™. من المقرر أن يبدأ العمل بموجب الاتفاقية الموسعة في عام 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.

Insights

Multi-year Aramco award expands Baker Hughes' UBCTD fleet from four to ten units, booked in Q3 2025.

The commercial win scales Baker Hughes' integrated underbalanced coiled tubing drilling capability across Saudi gas fields by increasing the fleet to ten units for re-entry and greenfield projects. It relies on delivering coiled tubing drilling units, underbalanced services, operational management, well construction and geosciences alongside the CoilTrak™ BHA and GaffneyCline™ analysis.

Key dependencies include on-time supply and mobilization, operational performance of expanded units, and sustained HSE delivery in the Kingdom; these factors will determine revenue recognition and operational leverage. Watch contract mobilization and first field deployments commencing in 2026 and any disclosed multi-year scope or booking details in subsequent quarters.

Agreement increases execution complexity and operational scale while reinforcing Baker Hughes' local track record since 2008.

Expanding from four to ten units raises logistics, workforce and project-management demands across multiple fields; integrated services mean Baker Hughes assumes more execution risk but also more control over outcomes. The release notes the order was booked in Q3 2025 and work starts in 2026, which sets a near-term milestone for mobilization.

Risks to monitor include unit delivery schedules, HSE performance during scale-up, and the company’s ability to sustain operational excellence under heavier scope. Track reported unit mobilizations, first-job operational metrics, and any updates to the multi-year scope over the next 12 months.

  • 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?

Baker Hughes announced a multi-year Aramco award to expand UBCTD operations and increase its fleet from 4 to 10 units.

When was the Aramco order for Baker Hughes (BKR) booked and when will work start?

The order was booked in Q3 2025 and work is scheduled to commence in 2026.

How will Baker Hughes (BKR) support Aramco under the expanded agreement?

Baker Hughes will provide coiled tubing drilling units, underbalanced drilling services, operational management, well construction and geosciences.

What fleet change does the Baker Hughes (BKR) expansion involve?

The expansion increases Baker Hughes’ UBCTD fleet from 4 units to 10 units across Saudi gas fields.

Which technologies will Baker Hughes (BKR) use in the expanded UBCTD program?

The program uses the CoilTrak™ bottomhole assembly and GaffneyCline™ energy advisory for enhanced reservoir analysis.
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