Baker Hughes Secures Long-Term Agreement Enhancing LNG Operations
Baker Hughes Advances LNG Operations in Indonesia
Baker Hughes, a leading energy technology company, has recently been awarded a long-term service agreement by bp for the Tangguh Liquefied Natural Gas (LNG) facility. This pivotal agreement, extending for 90 months, encompasses essential parts, repair services, and specialized technical support for turbomachinery, which plays a crucial role in the facility's operational efficiency.
Agreement Highlights and Strategic Importance
This significant contract highlights Baker Hughes’ dedication to delivering safe and reliable solutions for LNG production, particularly in the Asia-Pacific region. The Tangguh LNG plant, located in Papua Barat, Indonesia, is a vital component of the national energy strategy, serving as a primary source of energy for various markets in the region.
The 90-month agreement outlines support for crucial turbomachinery, including high-capacity gas turbines, steam turbines, and compressors that are integral to the energy generation process within the three LNG trains at the plant. By ensuring the continued reliability of this equipment, Baker Hughes aims to enhance the facility's overall operational performance.
Strengthening Long-standing Partnerships
Baker Hughes has a profound history with bp, having worked together on the Tangguh LNG project since 2009. This collaboration has evolved to include recent initiatives, such as providing critical power and compression systems for bp's Tangguh UCC Project. This latest agreement not only reinforces this partnership but also signifies a commitment to advancing energy solutions in Indonesia.
Tiffany Pitts, Vice President of Gas Technology Services at Baker Hughes, expressed enthusiasm about the agreement: "This long-term service agreement with bp for Tangguh LNG demonstrates our ongoing partnership and commitment to developing energy initiatives in Indonesia. Our advanced technology and expertise will support the optimal performance of the Tangguh facility, essential for meeting the region's energy needs."
Local Collaboration and Commitment
In line with the agreement, Baker Hughes is partnering with PT Imeco Inter Sarana, a local consortium, to fulfill the local content requirements. This collaborative approach emphasizes Baker Hughes’ strategic goal of enhancing its presence and capabilities within the LNG sector, ensuring the availability of critical asset management services.
The partnership also reflects broader efforts in the region to address energy expansion and transition needs, positioning Baker Hughes as a pivotal player in the evolving energy landscape.
About Baker Hughes
Baker Hughes, identified by its NASDAQ ticker symbol BKR, is an energy technology firm that delivers innovative solutions to energy and industrial clients globally. With over a century of experience and active in more than 120 countries, the company is dedicated to making energy safer, cleaner, and more efficient. For more information about Baker Hughes and its offerings, please visit bakerhughes.com.
For media inquiries, please contact:
Media Relations
Sarah Rowson
+44 7787 527372
sarah.rowson@bakerhughes.com
Media Relations – Asia Pacific
Adeline Teo
+65 8380 4045
Adeline.Teo@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
Frequently Asked Questions
What is the significance of the Baker Hughes agreement with bp?
The agreement enhances the support for the Tangguh LNG facility, ensuring reliable operations and contributing to energy solutions in the Asia-Pacific region.
How long does the service agreement last?
The agreement is set for 90 months, covering essential service and support for turbomachinery at the site.
What technologies will Baker Hughes provide under this agreement?
Baker Hughes will provide support for gas and steam turbines and compressors critical for the LNG plant's operation.
How does this agreement impact local services?
Baker Hughes is partnering with local firm PT Imeco Inter Sarana to meet local content requirements, promoting job opportunities and local engagement.
What role does the Tangguh LNG facility play in Indonesia?
The facility is a cornerstone of Indonesia's energy strategy, significantly contributing to the region's energy supply and demand.
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