Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco's Jafurah Gas Field
Baker Hughes (NASDAQ: BKR) has secured a significant order from Tecnicas Reunidas for the third expansion phase of Aramco's Jafurah gas field in Saudi Arabia. The contract, booked in Q4 2024, includes six gas compression trains and six propane compressors, along with balance of plants and auxiliaries.
The company will provide state-of-the-art electric motor driven compression solutions, leveraging its recently expanded Damman Center in Dammam. This order strengthens Baker Hughes' partnership with Aramco, following previous collaborations on the Haradh and Hawiyah gas plants, first phase of Jafurah, and the third phase of Saudi Arabia's Master Gas System project.
Baker Hughes (NASDAQ: BKR) ha ottenuto un ordine significativo da Tecnicas Reunidas per la terza fase di espansione del giacimento di gas Jafurah di Aramco in Arabia Saudita. Il contratto, registrato nel Q4 2024, include sei treni di compressione del gas e sei compressori di propano, insieme al bilanciamento degli impianti e ausiliari.
L'azienda fornirà soluzioni di compressione all'avanguardia, azionate da motori elettrici, sfruttando il suo recentemente ampliato Centro di Dammam. Questo ordine rafforza la partnership di Baker Hughes con Aramco, dopo precedenti collaborazioni sugli impianti di gas Haradh e Hawiyah, la prima fase di Jafurah e la terza fase del progetto Master Gas System dell'Arabia Saudita.
Baker Hughes (NASDAQ: BKR) ha asegurado un pedido significativo de Tecnicas Reunidas para la tercera fase de expansión del campo de gas Jafurah de Aramco en Arabia Saudita. El contrato, registrado en el cuarto trimestre de 2024, incluye seis trenes de compresión de gas y seis compresores de propano, junto con el balance de plantas y auxiliares.
La empresa proporcionará soluciones de compresión de última generación impulsadas por motores eléctricos, aprovechando su recientemente ampliado Centro en Dammam. Este pedido fortalece la asociación de Baker Hughes con Aramco, tras colaboraciones anteriores en las plantas de gas Haradh y Hawiyah, la primera fase de Jafurah y la tercera fase del proyecto Master Gas System de Arabia Saudita.
베이커 휴즈 (NASDAQ: BKR)는 사우디 아라비아의 아람코 자푸라 가스전 제3 확장 단계를 위해 테크니카스 레우니다스(Tecnicas Reunidas)로부터 중요한 주문을 확보했습니다. 2024년 4분기에 체결된 이 계약은 여섯 개의 가스 압축 기차와 여섯 개의 프로판 압축기, 그리고 공장 균형 및 보조 장비를 포함합니다.
이 회사는 최근에 확장된 다만 센터를 활용하여 최첨단 전기 모터 구동 압축 솔루션을 제공할 것입니다. 이 주문은 하라드 및 하위야 가스 플랜트, 자푸라의 첫 번째 단계, 사우디 아라비아 마스터 가스 시스템 프로젝트의 세 번째 단계를 포함한 이전 협력에 이어 베이커 휴즈와 아람코 간의 파트너십을 강화합니다.
Baker Hughes (NASDAQ: BKR) a obtenu une commande significative de Tecnicas Reunidas pour la troisième phase d'extension du champ gazier Jafurah d'Aramco en Arabie Saoudite. Le contrat, enregistré au quatrième trimestre 2024, comprend six trains de compression de gaz et six compresseurs de propane, ainsi que l'équilibre des installations et les auxiliaires.
L'entreprise fournira des solutions de compression à la pointe de la technologie, propulsées par des moteurs électriques, en s'appuyant sur son centre récemment agrandi à Dammam. Cette commande renforce le partenariat de Baker Hughes avec Aramco, suite à des collaborations précédentes sur les usines de gaz Haradh et Hawiyah, la première phase de Jafurah et la troisième phase du projet Master Gas System d'Arabie Saoudite.
Baker Hughes (NASDAQ: BKR) hat einen bedeutenden Auftrag von Tecnicas Reunidas für die dritte Ausbauphase des Jafurah-Gasfeldes von Aramco in Saudi-Arabien erhalten. Der Vertrag, der im Q4 2024 verbucht wird, umfasst sechs Gasverdichtungszüge und sechs Propanverdichter sowie Balance der Anlagen und Hilfseinrichtungen.
Das Unternehmen wird modernste elektrische Motor-getriebene Verdichtungslösungen bereitstellen und dabei auf sein kürzlich erweitertes Dammam-Zentrum in Dammam zurückgreifen. Dieser Auftrag stärkt die Partnerschaft von Baker Hughes mit Aramco, nach früheren Kooperationen an den Gasanlagen Haradh und Hawiyah, der ersten Phase von Jafurah und der dritten Phase des Master-Gas-Systems-Projekts in Saudi-Arabien.
- Secured major contract for Aramco's Jafurah gas field expansion
- Order strengthens existing partnership with Aramco
- Contract booked in Q4 2024, contributing to backlog
- Leverages company's expanded facilities in Saudi Arabia
- None.
Insights
This contract win represents a strategic milestone for Baker Hughes in the Middle East's energy infrastructure development. The Jafurah field, Saudi Arabia's largest unconventional gas resource, is important to the kingdom's energy transition strategy, with estimated reserves of 200 trillion cubic feet of gas. This third expansion phase contract signals Baker Hughes' critical role in this strategic asset's development.
The order's significance extends beyond immediate revenue implications. By securing this contract for the third phase after previous successful deployments, Baker Hughes demonstrates its technological leadership in electric motor-driven compression solutions. The company's expanded Damman Center in Saudi Arabia provides a competitive advantage through localized manufacturing and service capabilities, aligning with Saudi Arabia's local content requirements.
From a market positioning perspective, this contract reinforces Baker Hughes' dominance in the Middle East's natural gas infrastructure sector. The company's track record with Aramco - including previous phases of Jafurah, Haradh and Hawiyah gas plants and the Master Gas System project - creates significant barriers to entry for competitors.
The selection of electric motor-driven compression technology aligns with the industry's focus on reducing carbon footprint, as these systems typically offer higher efficiency and lower emissions compared to traditional gas-turbine driven compressors. This technological choice positions Baker Hughes favorably for future projects as energy companies increasingly prioritize lower-carbon solutions.
- Contract awarded by Tecnicas Reunidas for six gas compression trains and six propane compressors, including balance of plants and auxiliaries
- State-of-the-art technologies to support third expansion phase of the largest unconventional gas field in Saudi Arabia
HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors, for the third expansion phase of Aramco’s Jafurah gas field, located in the Kingdom of Saudi Arabia. The order was booked in the fourth quarter of 2024.
Building on its broad experience in providing technology solutions for the entire natural gas value chain, Baker Hughes will supply state-of-the-art electric motor driven compression solutions, leveraging its recently expanded Damman Center in Dammam, Saudi Arabia. This order adds to Baker Hughes’ long-standing partnership with Aramco, which includes the supply of compression solutions for the Haradh and Hawiyah gas plants, first phase of the Jafurah gas plant and gas compression facilities, and more recently, equipment for the third phase of Saudi Arabia’s Master Gas System project.
“Gas continues to serve as a vital source of reliable, abundant and lower-carbon energy,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Our advanced gas compression technology will enable efficient and reliable production from the Jafurah field, further supporting Aramco’s vision and contributing to Saudi Arabia's energy development.”
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
For more information, please contact:
Media Relations
Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com
Baker Hughes Investor Relations
Chase Mulvehill
+1 346-297-2564
investor.relations@bakerhughes.com
FAQ
What is the scope of Baker Hughes' (BKR) new contract for Aramco's Jafurah gas field?
When was the Jafurah gas field contract booked by Baker Hughes (BKR)?
What technology will Baker Hughes (BKR) provide for the Jafurah project?
What other projects has Baker Hughes (BKR) worked on with Aramco?
