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Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of Saudi Arabia’s Master Gas System

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Baker Hughes, an energy technology company, has been awarded a significant gas technology scope for Phase 3 of Saudi Arabia’s Master Gas System project. The company will supply 17 pipeline centrifugal compressors driven by aeroderivative gas turbines to increase gas distribution across Saudi Arabia, supporting the Kingdom’s goal of reducing carbon emissions. The order builds on the successful completion of Phase 1 and 2 agreements, showcasing Baker Hughes' commitment to sustainable energy solutions.
Baker Hughes, una società di tecnologia energetica, ha ricevuto un importante incarico tecnologico per il gas nella Fase 3 del progetto Master Gas System dell'Arabia Saudita. L'azienda fornirà 17 compressori centrifughi per condotte, azionati da turbine a gas aeroderivate, per aumentare la distribuzione del gas in tutta l'Arabia Saudita, supportando l'obiettivo del Regno di ridurre le emissioni di carbonio. L'ordine si basa sul successo degli accordi della Fase 1 e 2, dimostrando l'impegno di Baker Hughes verso soluzioni energetiche sostenibili.
Baker Hughes, una empresa de tecnología energética, ha sido premiada con un importante alcance tecnológico para gas en la Fase 3 del proyecto Sistema Maestro de Gas de Arabia Saudita. La compañía suministrará 17 compresores centrífugos de tuberías impulsados por turbinas de gas aeroderivadas para aumentar la distribución de gas en todo Arabia Saudita, apoyando el objetivo del Reino de reducir las emisiones de carbono. El pedido se basa en la exitosa finalización de los acuerdos de la Fase 1 y 2, mostrando el compromiso de Baker Hughes con las soluciones energéticas sostenibles.
에너지 기술 회사인 베이커 휴즈는 사우디아라비아의 마스터 가스 시스템 프로젝트 3단계의 중요한 가스 기술 범위를 수상했습니다. 이 회사는 항공 파생 가스 터빈으로 구동되는 17대의 파이프라인 원심 압축기를 공급하여 사우디아라비아 전역의 가스 배포를 증가시킬 것이며, 이는 왕국의 탄소 배출 감소 목표를 지원합니다. 이 주문은 1단계와 2단계 합의의 성공적인 완료에 기초를 두고 있으며, 베이커 휴즈의 지속 가능한 에너지 솔루션에 대한 헌신을 보여줍니다.
Baker Hughes, une entreprise de technologie énergétique, a été attribuée un important volet technologique pour le gaz dans la Phase 3 du projet de système gazier maître de l'Arabie Saoudite. L'entreprise fournira 17 compresseurs centrifuges de pipeline fonctionnant avec des turbines à gaz dérivées de l'aérospatiale pour augmenter la distribution de gaz à travers l'Arabie Saoudite, soutenant ainsi l'objectif du royaume de réduire les émissions de carbone. La commande s'appuie sur le succès des accords des Phases 1 et 2, démontrant l'engagement de Baker Hughes envers des solutions énergétiques durables.
Baker Hughes, ein Unternehmen für Energietechnologie, hat einen bedeutenden Auftrag für Gastechnologie in der Phase 3 des Master Gas System Projekts in Saudi-Arabien erhalten. Das Unternehmen wird 17 Pipeline-Zentrifugalkompressoren liefern, die von aeroderivativen Gasturbinen angetrieben werden, um die Gasverteilung in ganz Saudi-Arabien zu erhöhen und das Ziel des Königreichs zur Reduzierung der Kohlenstoffemissionen zu unterstützen. Der Auftrag baut auf den erfolgreichen Abschluss der Phasen 1 und 2 auf und zeigt das Engagement von Baker Hughes für nachhaltige Energielösungen.
Positive
  • Baker Hughes awarded a contract to supply 17 pipeline centrifugal compressors for Phase 3 of Saudi Arabia’s Master Gas System project.
  • New pipeline project aims to increase gas distribution in Saudi Arabia and reduce carbon emissions.
  • Baker Hughes' partnership with Aramco continues to drive energy transition efforts in Saudi Arabia.
  • Investments in expanding manufacturing capabilities in Saudi Arabia are underway to support project delivery.
Negative
  • None.
  • Baker Hughes to supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines
  • Award builds on Master Gas System Phase 1 & 2 agreement, which saw Baker Hughes deliver 18 centrifugal compressors driven by aeroderivative gas turbines
  • New pipeline aims to increase gas distribution across Saudi Arabia, supporting the Kingdom’s ambition to reduce carbon emissions

HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment for the third phase of Saudi Arabia’s Master Gas System project. The award was booked in the first quarter of 2024.

Baker Hughes will supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines for Aramco’s project. The new 4,000-km pipeline is vital to the Kingdom’s energy transition, with expectations to increase domestic gas distribution and contribute to a reduction of carbon emissions and oil consumption. The order follows the delivery of 18 of Baker Hughes centrifugal compressors driven by aeroderivative gas turbines for Phase 1 and 2 of the Master Gas System projects executed by Baker Hughes.

“Saudi Arabia is in a unique position to ease the pressures of the energy trilemma with its vast supply of gas,” said Yahya Abu Shal, senior vice president, Project Management at Aramco. “Our collaboration with Baker Hughes has been greatly successful for many years. Their technologies have been used for Phase 1 and 2 of the Master Gas System, and we look forward to continuing our work together to decarbonize critical industries across Saudi Arabia.”

“For over 30 years, Baker Hughes has been a trusted partner in natural gas operations, and our long-standing partnership with Aramco is helping to reduce emissions by transitioning to gas,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “Baker Hughes solutions are advancing the efficient use of natural gas, and we are proud to be delivering a reliable system to transport and distribute gas across Saudi Arabia.”

Baker Hughes is also investing in expanding its manufacturing site in Modon, Saudi Arabia. In addition to doubling the capacity of its workforce, the upgraded site will further support the delivery of projects in the country, including MGS3, with localized testing and packaging solutions. In February, Baker Hughes announced the delivery of the first two trains of advanced hydrogen compression solutions for the NEOM green hydrogen project in the Kingdom, the largest such project in the world.

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

Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com

Madonna Mekhail
+971 545816086
Madonna.Mekhail@bakerhughes.com

Investor Relations

Chase Mulvehill
+1 281-809-9088
investor.relations@bakerhughes.com


FAQ

What is Baker Hughes' ticker symbol?

Baker Hughes' ticker symbol is BKR.

What gas technology equipment will Baker Hughes supply for Phase 3 of Saudi Arabia’s Master Gas System project?

Baker Hughes will supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines for Phase 3 of Saudi Arabia’s Master Gas System project.

Who awarded Baker Hughes the contract for the gas technology equipment?

Baker Hughes was awarded the contract by Worley, on behalf of Aramco, for the gas technology equipment.

What is the goal of the new 4,000-km pipeline in Saudi Arabia?

The new 4,000-km pipeline aims to increase domestic gas distribution and contribute to a reduction in carbon emissions and oil consumption in Saudi Arabia.

What previous projects did Baker Hughes complete for the Master Gas System?

Baker Hughes delivered 18 centrifugal compressors driven by aeroderivative gas turbines for Phase 1 and 2 of the Master Gas System projects.

What is Baker Hughes' role in reducing emissions in Saudi Arabia?

Baker Hughes is helping to reduce emissions in Saudi Arabia by advancing the efficient use of natural gas and delivering reliable gas transportation and distribution systems.

Baker Hughes Company

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About BKR

baker hughes incorporated (nyse: bhi) provides reliable, practical solutions when and where our customers need them to lower costs, reduce risk and improve productivity. from the reservoir to the refinery we create value with high-performance products and services to analyze, drill, evaluate, complete and produce oil and gas reserves and then transport and refine the hydrocarbons. for over a century, innovation has been part of our dna. baker hughes was formed in 1986 with the merger of baker international and hughes tool company—both founded over 100 years ago when r.c. baker and howard hughes conceived ground-breaking inventions that revolutionized the fledgling petroleum era. since those earliest advancements, we’ve never stopped searching for solutions to conquer the next frontier. collaboration is at the heart of our business. with 49,000 employees in more than 80 countries, our local geomarket teams work side by side with customers to engineer reliable, practical solutions—wh