Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG Operations, Supporting Indonesia's Energy Future
Baker Hughes (NASDAQ: BKR) has secured a significant 90-month service agreement from bp for the Tangguh LNG plant in Papua Barat, Indonesia. The comprehensive agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery equipment, including heavy-duty gas turbines, steam turbines, and compressors across three LNG trains.
The agreement builds upon Baker Hughes' existing relationship with bp at Tangguh LNG since 2009 and follows a 2024 award for additional power and compression systems. Baker Hughes will collaborate with PT Imeco Inter Sarana as its local consortium partner to meet local content requirements. The service agreement aims to ensure reliable operation of the Tangguh facility, which plays a crucial role in Indonesia's energy strategy and supplies energy to the Asia-Pacific region.
Baker Hughes (NASDAQ: BKR) ha ottenuto un importante contratto di servizio della durata di 90 mesi da bp per l'impianto di GNL Tangguh nella Papua Barat, Indonesia. L'accordo completo copre ricambi, servizi di riparazione e supporto di ingegneria sul campo per turbomacchine critiche, inclusi turbine a gas heavy-duty, turbine a vapore e compressori su tre treni di GNL.
L'intesa si basa sul rapporto già avviato tra Baker Hughes e bp a Tangguh dal 2009 e segue l'assegnazione del 2024 per sistemi aggiuntivi di alimentazione e compressione. Baker Hughes collaborerà con PT Imeco Inter Sarana come partner locale del consorzio per soddisfare i requisiti di contenuto locale. L'accordo di servizio mira a garantire un funzionamento affidabile della struttura di Tangguh, che riveste un ruolo cruciale nella strategia energetica dell'Indonesia e fornisce energia alla regione Asia-Pacifico.
Baker Hughes (NASDAQ: BKR) ha asegurado un importante contrato de servicio de 90 meses por parte de bp para la planta de GNL Tangguh en Papua Barat, Indonesia. El acuerdo integral cubre repuestos, servicios de reparación y soporte de ingeniería de campo para equipos críticos de turbomáquinas, incluidas turbinas de gas de gran potencia, turbinas de vapor y compresores en tres trenes de GNL.
El acuerdo se apoya en la relación existente entre Baker Hughes y bp en Tangguh desde 2009 y sigue a un contrato de 2024 para sistemas adicionales de energía y compresión. Baker Hughes colaborará con PT Imeco Inter Sarana como socio local del consorcio para cumplir con los requisitos de contenido local. El contrato de servicio busca asegurar la operación fiable de la instalación de Tangguh, que desempeña un papel clave en la estrategia energética de Indonesia y suministra energía a la región Asia-Pacífico.
Baker Hughes (NASDAQ: BKR)가 인도네시아 파푸아바랏의 탕구(Tangguh) LNG 플랜트를 위해 bp로부터 중요한 90개월 서비스 계약을 따냈습니다. 이 포괄적 계약은 예비 부품, 수리 서비스 및 현장 엔지니어링 지원을 포함하며, 중대형 가스터빈, 증기터빈 및 압축기를 포함한 핵심 터보머신 장비를 세 개의 LNG 트레인에 걸쳐 다룹니다.
이 계약은 2009년부터 Tangguh에서 bp와 유지해온 Baker Hughes의 기존 관계를 기반으로 하며, 2024년 추가 전력 및 압축 시스템 수주에 이은 것입니다. Baker Hughes는 현지 콘텐츠 요건을 충족하기 위해 지역 컨소시엄 파트너로 PT Imeco Inter Sarana와 협력할 예정입니다. 이 서비스 계약은 인도네시아의 에너지 전략에서 중요한 역할을 하고 아시아·태평양 지역에 에너지를 공급하는 Tangguh 설비의 안정적 운전을 보장하는 것을 목표로 합니다.
Baker Hughes (NASDAQ: BKR) a obtenu un important contrat de service de 90 mois de la part de bp pour l'usine GNL de Tangguh à Papua Barat, en Indonésie. L'accord global couvre les pièces de rechange, les services de réparation et le soutien en ingénierie terrain pour les turbomachines critiques, y compris les turbines à gaz lourdes, les turbines à vapeur et les compresseurs sur trois trains de GNL.
Ce contrat s'appuie sur la relation existante entre Baker Hughes et bp à Tangguh depuis 2009 et fait suite à une attribution en 2024 pour des systèmes supplémentaires de puissance et de compression. Baker Hughes collaborera avec PT Imeco Inter Sarana en tant que partenaire local du consortium afin de répondre aux exigences de contenu local. L'accord de service vise à garantir le fonctionnement fiable de l'installation de Tangguh, qui joue un rôle crucial dans la stratégie énergétique de l'Indonésie et approvisionne la région Asie-Pacifique en énergie.
Baker Hughes (NASDAQ: BKR) hat von bp einen bedeutenden 90-monatigen Servicevertrag für die Tangguh-LNG-Anlage in Papua Barat, Indonesien, erhalten. Der umfassende Vertrag umfasst Ersatzteile, Reparaturleistungen und Field-Service-Engineering-Unterstützung für kritische Turbomaschinen wie leistungsstarke Gasturbinen, Dampfturbinen und Kompressoren auf drei LNG-Zügen.
Der Vertrag baut auf der bestehenden Zusammenarbeit von Baker Hughes mit bp in Tangguh seit 2009 auf und folgt einer Vergabe aus dem Jahr 2024 für zusätzliche Energie- und Kompressionssysteme. Baker Hughes wird mit PT Imeco Inter Sarana als lokalem Konsortialpartner zusammenarbeiten, um lokale Inhaltsanforderungen zu erfüllen. Ziel des Servicevertrags ist es, den zuverlässigen Betrieb der Tangguh-Anlage sicherzustellen, die eine wichtige Rolle in Indonesiens Energiestrategie spielt und die Asien-Pazifik-Region mit Energie versorgt.
- Secured long-term 90-month service agreement with major client bp
- Expands existing relationship and builds on previous 2024 contract award
- Strategic partnership strengthens Baker Hughes' presence in the Asia-Pacific LNG market
- Agreement includes local content participation through partnership with PT Imeco Inter Sarana
- None.
Insights
Baker Hughes secures valuable 7.5-year service contract with bp, strengthening its LNG position in Asia-Pacific with recurring revenue potential.
This 90-month service agreement with bp represents a significant win for Baker Hughes in the LNG infrastructure space. The comprehensive contract covers critical turbomachinery components across three LNG trains at the Tangguh facility in Indonesia, including heavy-duty gas turbines, steam turbines, and compressors. The deal's extended duration (7.5 years) provides Baker Hughes with valuable revenue visibility and strengthens its aftermarket business model.
What makes this particularly notable is how it builds upon Baker Hughes' established relationship with bp at Tangguh dating back to 2009, demonstrating the company's ability to maintain and expand key customer relationships. The agreement follows a 2024 award for additional power and compression systems, showing sequential contract wins and deepening partnership.
From a strategic perspective, this aligns perfectly with Baker Hughes' focus on expanding its service capabilities in the Asia-Pacific region, where LNG demand continues to grow. The partnership with local firm PT Imeco Inter Sarana to meet local content requirements demonstrates Baker Hughes' pragmatic approach to navigating international business environments while building local capacity.
While financial terms weren't disclosed, long-term service agreements of this nature typically provide stable, high-margin recurring revenue streams that enhance overall business predictability. The aftermarket services segment is a crucial profitability driver for energy equipment providers, offering more resilience than new equipment sales alone. This contract strengthens Baker Hughes' position in the critical Indonesian energy market, which serves as a key LNG supplier to the broader Asia-Pacific region.
- Ninety-month agreement covers critical parts, services and technical support for turbomachinery equipment
- Agreement underscores Baker Hughes' commitment to supporting safe and reliable LNG production in Asia-Pacific region
HOUSTON and LONDON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines, and compressors for three LNG trains, helping to ensure its continued reliable operation. The agreement underscores Baker Hughes' role as a solutions provider.
The agreement builds on Baker Hughes' long-standing relationship with bp at the Tangguh LNG project since 2009, and most recently an award in 2024 to supply additional critical power and compression systems for bp’s Tangguh UCC Project.
The Tangguh LNG facility is a cornerstone of Indonesia's energy strategy, playing a vital role in supplying safe and reliable energy to the Asia-Pacific region. Baker Hughes' continued support will contribute to the sustained performance and availability of the plant's critical turbomachinery, which is essential for LNG operation.
"This long-term service agreement with bp for Tangguh LNG is a testament to our continued partnership and commitment to progressing energy development in Indonesia," said Tiffany Pitts, vice president of Gas Technology Services at Baker Hughes. "Our advanced technology and expertise will help ensure the optimal performance of the Tangguh facility, which is crucial for meeting the region's energy demands."
Baker Hughes is collaborating with PT Imeco Inter Sarana as its local consortium partner to deliver on the local content requirements of the agreement.
This agreement demonstrates Baker Hughes' strategic focus on supporting its footprint in LNG with critical equipment asset management services and follows the recent announcement to expand its existing service capability in Asia Pacific to address the region’s energy expansion and transition needs.
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
Sarah Rowson
+44 7787 527372
sarah.rowson@bakerhughes.com
Media Relations – Asia Pacific
Adeline Teo
+65 8380 4045
Adeline.Teo@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
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