Baker Hughes wins bp North Sea stimulation services contract

Baker Hughes (NASDAQ: BKR) announced it has been awarded a contract by bp to provide offshore stimulation services across bp's UK North Sea operations, according to a company press release.

Under the agreement, Baker Hughes will deploy a vessel-based stimulation solution using its StimFORCE modular stimulation package to support well completions and production enhancement activities. The contract covers both new well development and enhanced recovery from mature fields.

The solution will be supported by a UK operating base and a local supply chain network. Baker Hughes said the dedicated vessel approach is designed to reduce non-productive time and provide schedule and operational flexibility for stimulation activities.

"By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance, increase operational flexibility and unlock additional value from both new and mature fields across its North Sea portfolio," said Amerino Gatti, Baker Hughes Executive Vice President of Oilfield Services & Equipment.

Financial terms of the contract were not disclosed.

You May Also Be Interested In

• US energy rig count holds steady for second week, Baker Hughes says
• Trust Stamp waives fees for banks after 166 million ID document leak
• Azusa, CA authorizes ENA talks with E-Power for $26M charging hub