Saudi Aramco has awarded Baker Hughes, a GE company (BHGE), a well-testing contract to optimize the production from existing and new wells in Saudi Arabia, Baker Hughes announced in a press release.
The contract lasts for three years and the project is expected to begin in December 2018.
“The contract further reinforces our integration efforts across conventional fields in Saudi Arabia, helping maintain capacity and meet domestic and global demand,” Mohammed Y. Al Qahtani, Senior Vice President of Upstream at Saudi Aramco, said.
Under the terms of the contract, BHGE will provide Saudi Arabia with comprehensive well services solution including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services.
“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,” Al-Qahtani added.
This contract comes in line with BHGE’s commitment to support Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative. The project hopes to create more than 200 new engineering, field services and project management jobs, and will indirectly support an additional 300 existing jobs.