Baker Hughes, an energy technology company, has announced a significant award from the State Oil Company of Azerbaijan Republic to implement its electric submersible pump technology and the automated field production software solution, Leucipa, in Azerbaijan’s oilfields. The signing ceremony for this joint cooperation agreement took place in Baku, attended by Baker Hughes CEO and chairman Lorenzo Simonelli and SOCAR president Rovshan Najaf.

The initial shipment of 50 ESPs, out of a total of more than 150, is expected to arrive this year. This integrated solution aims to optimise SOCAR’s oilfield operations, significantly reducing the number of workovers and enhancing overall efficiency.

“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.”

This collaboration is poised to have a substantial local impact. The companies plan to establish a joint centre of excellence in Azerbaijan, which will be capable of manufacturing, assembling, repairing, and maintaining the ESPs. Additionally, Baker Hughes is committed to investing in local workforce training initiatives to support this endeavour.

The project underscores Baker Hughes’ commitment to leveraging advanced technology for sustainable energy development while fostering local economic growth and skills development in Azerbaijan.

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14th June 2024