Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday a substantial award from Searah North Ganal Limited (Subsidiary of Searah Limited, a joint venture Company between Eni and PETRONAS) to deliver subsea production systems and digital solutions to support safe, efficient and optimized production for the Kutei Northern Hub development offshore Indonesia.

Under the agreement, Baker Hughes will supply 17 deepwater horizontal tree systems, along with associated manifolds and connections, control and distribution systems, for the integrated development of the recently discovered Geng North field and the Gehem field. Baker Hughes will also deploy its Cordant™ asset protection and condition monitoring systems to proactively identify and mitigate risks to critical equipment and prevent unplanned downtime. These solutions will support efficient subsea operations for natural gas production to strengthen Indonesia’s LNG capacity and domestic energy supply.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.