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Baker Hughes Co has won a contract from Venture Global LNG to provide a modularized liquefied natural gas (LNG) system and power island.
The contract was awarded under a master equipment supply agreement between the two companies for more than 100 million tons per annum (mtpa) of production capacity, Baker Hughes said in a news release Monday. The contract value was not disclosed.
“We are excited to add another milestone in our successful collaboration with Baker Hughes as a strategic LNG technology supplier, building on the expansion of our agreement”, Venture Global CEO Mike Sabel said. “To enable a successful transition to more secure and sustainable economies, it is critical that we continue to further our mission of delivering low-cost LNG at a larger scale. We are grateful for our continued partnership with Baker Hughes, a world leader in energy technology, and look forward to building on our successful collaboration in our upcoming projects”.
“We have been a trusted partner in natural gas operations for more than 30 years and have been able to bring that depth of experience into the recent LNG market upturn”, Baker Hughes Chairman and CEO Lorenzo Simonelli said. “This further expansion of our collaboration with Venture Global reaffirms that Baker Hughes technologies are advancing the efficient use of natural gas, and we are honored to continue to support their projects. The continuing demand for LNG emphasizes the pivotal role that natural gas will play in the energy transition, helping to secure supply and to reach net-zero emissions”.
In September, Baker Hughes and Venture Global LNG executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global’s future LNG export projects. The agreement supports Venture Global’s long-term expansion plan to increase output from 70 million mtpa to more than 100 mtpa of nameplate LNG export capacity, according to an earlier news release.
Baker Hughes is also providing LNG technology solutions for the Calcasieu Pass LNG facilities and the Plaquemines LNG facility. Venture Global has taken a final investment decision on both phases of its Plaquemines LNG facility, which is on target to produce its first LNG in 2024 with a nameplate capacity of 20 mtpa.
Var Energi Contracts
Meanwhile, Baker Hughes bagged two awards from Var Energi that expanded its regional presence in the North Sea for exploration logging, well-intervention technology, and subsea production systems, according to a separate news release. The contract values were not disclosed.
The first contract, a nine-year engagement, will tap into the “heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention” that Baker Hughes completed in April, the company said. It will also supply all exploration logging solutions to help Var Energi further develop their prospects in the Norwegian Continental Shelf.
The second contract is for the delivery of a bespoke Balder field vertical tree system. The agreement spans 15 years, signifying a trusted long-term future agreement in one of Var Energi’s core focus areas. The contract includes support for existing Balder legacy wells and any future developments in the Balder area in Norway.
“Baker Hughes has an extensive and successful history of creating value for customers in Norway and the North Sea”, Baker Hughes Executive Vice President for Oilfield Services and Equipment Maria Claudia Borras said. “The two long-term contract awards from Var Energi enable us to deploy our superior portfolio not only in well intervention, but also in exploration logging and subsea production. Combining our technology, our exceptional regional expertise, and our dedication to a world-class customer experience ensures successful outcomes for both companies”.
To contact the author, email rocky.teodoro@rigzone.com
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