1. Baker Hughes awarded major contract by Kuwait Oil Company for artificial lift systems. 2. The contract includes installation and maintenance of electric submersible pumps. 3. Integration of FusionPro™ and Leucipa™ will enhance operational reliability. 4. Baker Hughes has a strong track record in Kuwait's oilfields over two decades. 5. A research center is being established in Kuwait to tackle technical challenges.
FAQ
Why Bullish?
The major contract and technological advancements can lead to increased sales and profitability. Historical trends show that similar contracts boost stock performance in the energy sector.
How important is it?
The contract's size and technology integration directly influence Baker Hughes' strategic positioning and financial performance, indicating strong fundamental growth.
Why Long Term?
The ongoing partnership and technological integration signal sustained revenue growth potential over multiple years. Past long-term projects with KOC have yielded positive financial impacts.
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Baker Hughes Secures Major Artificial Lift Systems Agreement with Kuwait Oil Company
HOUSTON and LONDON, December 17, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), a leading energy technology firm, has announced a significant agreement with Kuwait Oil Company (KOC) to supply advanced artificial lift systems aimed at enhancing production in Kuwait’s oil and gas fields. This multi-year contract marks a key step in improving operational efficiency and reliability within one of the world's crucial oil-producing regions.
Details of the Agreement
Under this comprehensive agreement, Baker Hughes will provide its advanced portfolio of electrical submersible pumps (ESPs) and related services. These services include:
- Installation
- Surveillance
- Maintenance
Performance optimization of the ESP systems will be achieved through the integration of the FusionPro™ intelligent production drive and the Leucipa™ automated field production solution. This combination is expected to significantly enhance operational reliability and minimize periods of nonproductive time.
Implications for the Industry
Amerino Gatti, Executive Vice President of Oilfield Services & Equipment at Baker Hughes, emphasized the transformative potential of technology in the energy sector, stating: “Technology is unlocking new value from established fields around the world, and Baker Hughes and KOC have been at the forefront of these advancements.” He highlighted that Baker Hughes' artificial lift systems have maintained a reputation for reliability and efficiency in Kuwait’s oilfields for nearly two decades.
This agreement follows a previous award in the third quarter from KOC, which involved providing advanced wireline and perforation technology, including the Proxima™ advanced logging services. Such technologies are crucial for optimizing production and enhancing reservoir evaluation.
Baker Hughes' Commitment to Kuwait's Energy Sector
Baker Hughes has a longstanding partnership with Kuwait’s energy sector, underpinned by their advanced technological solutions. The company operates a 25,000-square-meter workshop in Kuwait dedicated to the testing and failure analysis of artificial lift systems. Additionally, Baker Hughes recently established a memorandum of understanding to create a research and development center in the Ahmadi Innovation Valley. This center aims to tackle technological challenges within the upstream sector while also fostering local expertise.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is at the forefront of energy technology, delivering innovative solutions to energy and industrial sectors across the globe. With over a century of experience and operations in more than 120 countries, Baker Hughes continues to lead in making energy safer, cleaner, and more efficient.
For further information, please visit bakerhughes.com.