Baker Hughes Awarded Multi-year Contract With Azerbaijan’s SOCAR
15 June 2024
Baker Hughes, an energy technology company, announced that an award from the State Oil Company of Azerbaijan Republic (SOCAR) to employ its electric submersible pump (ESP) technology and automated field production software solution, Leucipa, in the nation’s oilfields. The signing ceremony for the joint cooperation agreement took place in Baku in the presence of Baker Hughes CEO and Chairman Lorenzo Simonelli and SOCAR President Rovshan Najaf.
The first 50 of more than 150 ESPs are expected to arrive this year. The combined offering will provide increased optimization across SOCAR’s oilfield operations with expected efficiencies significantly reducing the number of workovers.
“Baker Hughes and SOCAR have long worked together to employ innovative approaches to the oil and gas industry in the Caspian,” Simonelli said. “Technology remains essential to achieve sustainable energy development, and our proven production solutions generate shorter-cycle, lower-cost and lower-carbon barrels for our customer.”
The project will also have a significant local impact. The two companies will establish a joint center of excellence that will have the capability to manufacture, assemble, repair and maintain the ESPs. Baker Hughes will also invest in local workforce training initiatives.
Related
-
Envision Energy, AMEA Power sign deal for 500MW Egypt wind project
22 June 2026
-
Scatec reaches financial close for 120 MW solar power plant in Tunisia
22 June 2026
-
Strabag buys Romanian firm to target European rail infrastructure
19 June 2026
-
Sembcorp concludes Alinta Energy acquisition for $4.32bn
15 June 2026
-
Dubai selects groups for $22bn sewerage tunnel deals
15 June 2026
-
Repsol and Masdar to partner in €849 million renewables portfolio in Spain
12 June 2026


京公网安备
11010802030424号
京ICP备19046776号-2