Baker Hughes Secures Major Order from Saudi Aramco for Gas Technology Equipment
Baker Hughes has secured a major order from Saudi Aramco for gas technology equipment for the third phase of Saudi Arabia's Master Gas System expansion project. The company will supply 17 pipeline centrifugal compressors and is investing in expanding its manufacturing site in Modon, Saudi Arabia. Baker Hughes previously delivered compressors for the first two phases of the project and also provided advanced hydrogen compression solutions for the NEOM green hydrogen project in Saudi Arabia.
Key Takeaways
- Baker Hughes (BKR) secured a significant order from Saudi Aramco for gas technology equipment.
- The company will supply 17 pipeline centrifugal compressors and invest in expanding its manufacturing site in Saudi Arabia.
- This order follows the delivery of 18 compressors for the first two phases of the Master Gas System projects.
- Baker Hughes (BKR) has doubled its workforce in Saudi Arabia to bolster project delivery.
- In February, the company delivered advanced hydrogen compression solutions for the NEOM green hydrogen project, the world's largest such project.
Analysis
Baker Hughes' significant order from Saudi Aramco for gas technology equipment signals the company's deepening involvement in Saudi Arabia's energy projects. The expansion of its manufacturing site in Modon reflects a long-term commitment to the region. This could impact the country's energy infrastructure and bolster its position in the global energy sector. The increased workforce and previous involvement in the NEOM green hydrogen project indicate a focus on sustainable energy solutions, positioning Baker Hughes as a key player in the global energy transition. The consequences include potential growth for Baker Hughes and potential positive impacts on Saudi Arabia's energy industry and sustainable energy efforts.
Did You Know?
- The company will supply 17 pipeline centrifugal compressors and invest in expanding its manufacturing site in Saudi Arabia.
- This order follows the delivery of 18 compressors for the first two phases of the Master Gas System projects.
- In February, the company delivered advanced hydrogen compression solutions for the NEOM green hydrogen project, the world's largest such project.