It is reported that Saudi Aramco has awarded Baker Hughes 2 year contract for 2 coiled tubing drilling packages designed to reenter existing wells in the gas fields of southern Saudi Arabia.
As per report, Baker Hughes will provide project management and oversight and downhill drilling and completion services.
Mr Khaled Nouh president of Baker Hughes of Middle East said that this is an important award for Baker Hughes. The contract will allow us to demonstrate our project management capabilities, both in the Kingdom of Saudi Arabia and in the wider Middle East region, on a very important project for Saudi Aramco. We will be drilling under balanced dry gas zones, which are in high demand to supply Saudi Arabia's local gas market. He said that the contract has an option for a one year extension and operations are set to begin in the Q2 of 2010.
Mr Rusty McNicoll Baker Hughes VP of integrated operations said that "By integrating Baker Hughes' technology, as well as other innovations in the market, we were able to offer Saudi Aramco a total technical solution that promises significant efficiency gains.
(Sourced from Arabian O & G)
