Baker Hughes secured a multi-year contract with Dubai Petroleum Establishment (DPE) to provide integrated coiled-tubing drilling services for the Margham Gas storage project in Dubai, announced on March 27, 2025. This award follows a third-quarter 2024 IET award for integrated compressor line units for the same project.
This initiative aims to enhance Dubai's energy stability by improving the system's ability to alternate between natural gas and solar power. The drilling services will support the ongoing development and operational efficiency of the critical gas storage facility.
The contract demonstrates growing commercial synergies across Baker Hughes' diverse portfolio, leveraging existing customer relationships and integrated solutions. This reinforces the company's commitment to supporting gas infrastructure and sustainable energy development in the region.
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