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
-
COOEC wins Saudi Aramco offshore gas contract
14 April 2026
-
Egypt signs contracts worth $740m for two chemical projects
12 April 2026
-
Bahrain approves $340m highway financing
11 April 2026
-
Croatia tenders 56 MW solar-storage project
9 April 2026
-
Saudi firm to develop $300m Syria Beaumont project
9 April 2026
-
Kairos taps Power China for P13-b Iloilo wind farm
8 April 2026


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