Baker Hughes, a GE company, has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across conventional fields in Saudi Arabia.
BHGE said on Tuesday it would deliver a comprehensive well services solution including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services.
The three-year contract includes the option of two one-year extensions and the project is expected to start in December 2018.
The oilfield services provider also noted that the work was expected to create more than 200 new engineering, field services and project management jobs, and indirectly supports an additional 300 existing jobs, further demonstrating BHGE’s ongoing commitment to support Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.
Mohammed Y. Al Qahtani, Senior Vice President of Upstream at Saudi Aramco, said: “The contract further reinforces our integration efforts across conventional fields in Saudi Arabia, helping maintain capacity and meet domestic and global demand.”
Lorenzo Simonelli, chairman and CEO of BHGE, said: “The contract underpins the strength of our portfolio and demonstrates our ability to deliver comprehensive well solutions to improve productivity, reliability and efficiency for our customers.”
“As a long-term partner supporting the Kingdom’s oil and gas sector, we are committed to bringing advanced technology and service solutions that will help deliver significant levels of upstream productivity and support Saudi Arabia’s strategy to increase gas production for both local consumption and export.”