Baker Hughes has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years. The scope of work includes 23 standard subsea trees, 11 Aptara manifolds, SemStar5 fiber optic controls and the related system scope of supply. Baker Hughes will also provide services and aftermarket support for the Agogo integrated west hub subsea production system. "Our local manufacturing capabilities, deepwater development equipment and innovative subsea control system technology enable us to provide exceptional support to Azule Energy in their efforts to increase oil production in Angola," said Maria Claudia Borras, executive vice president of Oilfield Services and Equipment at Baker Hughes. "Our expertise and comprehensive solutions well-equip us to reduce complexity, support project schedules, and deliver successful outcomes for Azule Energy and further contribute to the growth of Angola’s energy industry."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BKR:
- Baker Hughes Awarded Major Subsea Contract with Azule Energy for Agogo Oilfield Offshore of Angola
- Baker Hughes reports U.S. rig count down 7 to 753 rigs
- Baker Hughes reports U.S. rig count down 1 to 760 rigs
- Piper upgrades Baker Hughes on ‘underappreciated’ IET unit
- Baker Hughes upgraded to Overweight from Neutral at Piper Sandler