- Agreement aims to align energy technology innovation goals, drive down costs and boost energy project efficiency
Baker Hughes, an energy technology company, announced Tuesday a 20-year framework agreement with Chevron Australia Pty Ltd.
Baker Hughes will offer its innovative Aptara Subsea production systems for Chevron Australia’s future offshore developments. The Aptara suite, an array of advanced subsea equipment including subsea trees, wellheads, control systems and more, offers adaptable, lightweight and compact TOTEX-lite subsea systems to meet the industry’s evolving demands.
“Baker Hughes brings global expertise and a proven record in delivering key projects throughout the Asia Pacific region,” said David Dillon, senior vice president of Subsea & Surface Pressure Systems, Oilfield Services and Equipment at Baker Hughes. “This new framework agreement reflects our continued commitment to deliver valuable solutions to our customers and help navigate the evolving energy landscape in the most productive and efficient manner.”
Baker Hughes continues to lead in energy technology innovation and drive technology standardization. The Aptara subsea systems’ design minimizes complexities and enhances project returns.
The agreement will see Baker Hughes consolidate regional deliveries of its 7” Aptara Subsea Production systems. Central to the agreement is a strong emphasis on Australian Industry Participation, enabling local industries and resources to play a pivotal role in the development of vital natural gas supplies for Australia and the region.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet.
About Chevron
Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our traditional oil and gas business, lower the carbon intensity of our operations and grow new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets and other emerging technologies.