- Transformative nine-year contract enhances well intervention and exploration logging services for Vår Energi
- Second order includes advanced subsea production systems
- Two contracts with Vår Energi significantly reinforce Baker Hughes' industry leadership and growth trajectory
HOUSTON and LONDON, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Friday two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
The first contract, a nine-year engagement, is a testament to Baker Hughes' heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to help Vår Energi further develop their prospects ...