Baker Hughes secures major contract with ExxonMobil for Guyana FPSOs, signaling growth opportunities.
From Nasdaq: 2025-02-04 07:47:00
Baker Hughes Company (BKR) has secured a multi-year contract from Exxon Mobil Corporation to provide specialty chemicals and services for Uaru and Whiptail offshore developments in Guyana. The contract includes supplying chemicals for two FPSO vessels set to commence production in 2026 and 2027, boosting Guyana’s oil production to 1.3 million barrels per day.
ExxonMobil’s expanding operations in Guyana have led to Baker Hughes Company’s latest contract, reinforcing its position in the offshore energy sector. The deal highlights BKR’s role in supporting ExxonMobil’s offshore operations and signals growth opportunities in one of the world’s fastest-emerging oil frontiers. The projects aim to reach a combined capacity of 500,000 barrels per day.
BKR’s contract with ExxonMobil is a strategic move in the offshore energy sector, showcasing its expertise in providing chemicals and services for FPSO vessels. With ExxonMobil’s aggressive expansion plans in Guyana, BKR’s position as a key service provider is solidified. The contract emphasizes the critical role BKR plays in supporting ExxonMobil’s offshore developments and operations.
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