Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco's Jafurah Gas Field

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) has secured a significant order from Tecnicas Reunidas for the third expansion phase of Aramco's Jafurah gas field in Saudi Arabia. The contract, booked in Q4 2024, includes six gas compression trains and six propane compressors, along with balance of plants and auxiliaries.

The company will provide state-of-the-art electric motor driven compression solutions, leveraging its recently expanded Damman Center in Dammam. This order strengthens Baker Hughes' partnership with Aramco, following previous collaborations on the Haradh and Hawiyah gas plants, first phase of Jafurah, and the third phase of Saudi Arabia's Master Gas System project.

Positive

• Secured major contract for Aramco's Jafurah gas field expansion
• Order strengthens existing partnership with Aramco
• Contract booked in Q4 2024, contributing to backlog
• Leverages company's expanded facilities in Saudi Arabia

Negative

• None.

• Contract awarded by Tecnicas Reunidas for six gas compression trains and six propane compressors, including balance of plants and auxiliaries
• State-of-the-art technologies to support third expansion phase of the largest unconventional gas field in Saudi Arabia

HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors, for the third expansion phase of Aramco’s Jafurah gas field, located in the Kingdom of Saudi Arabia. The order was booked in the fourth quarter of 2024.

Building on its broad experience in providing technology solutions for the entire natural gas value chain, Baker Hughes will supply state-of-the-art electric motor driven compression solutions, leveraging its recently expanded Damman Center in Dammam, Saudi Arabia. This order adds to Baker Hughes’ long-standing partnership with Aramco, which includes the supply of compression solutions for the Haradh and Hawiyah gas plants, first phase of the Jafurah gas plant and gas compression facilities, and more recently, equipment for the third phase of Saudi Arabia’s Master Gas System project.

“Gas continues to serve as a vital source of reliable, abundant and lower-carbon energy,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Our advanced gas compression technology will enable efficient and reliable production from the Jafurah field, further supporting Aramco’s vision and contributing to Saudi Arabia's energy development.”

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

Baker Hughes Investor Relations
Chase Mulvehill
+1 346-297-2564
investor.relations@bakerhughes.com

FAQ

What is the scope of Baker Hughes' (BKR) new contract for Aramco's Jafurah gas field?

Baker Hughes will supply six gas compression trains and six propane compressors, including balance of plants and auxiliaries, for the third expansion phase of the Jafurah gas field.

When was the Jafurah gas field contract booked by Baker Hughes (BKR)?

The contract was booked in the fourth quarter of 2024.

What technology will Baker Hughes (BKR) provide for the Jafurah project?

Baker Hughes will provide state-of-the-art electric motor driven compression solutions, leveraging its Damman Center in Saudi Arabia.

What other projects has Baker Hughes (BKR) worked on with Aramco?

Baker Hughes has previously supplied compression solutions for Haradh and Hawiyah gas plants, first phase of Jafurah, and equipment for the third phase of Saudi Arabia's Master Gas System project.