Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a significant award from Azule Energy to provide subsea production systems to support safe, efficient operations in Angola’s Greater PAJ development.
Under the agreement, Baker Hughes will supply its deepwater horizontal tree systems to optimize production in the ultra-deepwater, greenfield development. In addition, the company will supply subsea control modules and intervention workover control systems, along with associated connection, distribution and topside equipment. Baker Hughes will also provide integrated tooling and services to support installation, commissioning and ongoing production performance from its facilities in Angola, leveraging its local supply chain to increase efficiencies.
“Ultra-deepwater developments demand unmatched reliability and performance to ensure that production is safe, efficient and sustained over the life of the field,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti.
“By combining Baker Hughes’ industry-leading offshore production technology with expertise honed through decades of experience of operating Angola’s deepwater fields, we can help Azule optimize production and deliver energy more effectively across Sub-Saharan Africa.”
The company’s deepwater horizontal tree systems, according to this morning’s news release, “are engineered for ultra-deepwater environments with an operating threshold of up to 10,000 psi and depths of 10,000 feet.
“The system’s modular, configurable design allows for fit-for-purpose configuration and short-cycle deliveries that help accelerate first production and support long-term field performance.”
BKR shares stepped back four cents to $56.34.
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