Baker Hughes announced a multi‑year agreement with Kuwait Oil Company (KOC) to supply electrical submersible pumps (ESPs) and related installation, surveillance, and maintenance services for KOC’s Kuwaiti fields. The deal also incorporates the FusionPro™ intelligent production drive and Leucipa™ automated field production solution, positioning Baker Hughes to deliver integrated digital lift technology that can reduce non‑productive time and improve production reliability.
The contract adds a recurring revenue stream to Baker Hughes’ Oilfield Services & Equipment (OFSE) segment and expands the company’s footprint in the Middle East, a high‑growth upstream region. It follows a third‑quarter contract for advanced wireline and perforation technologies and is part of a broader effort that includes a memorandum of understanding to establish a research and development center at Ahmadi Innovation Valley. While the financial value and exact duration of the agreement were not disclosed, the multi‑year nature signals a long‑term partnership that will support the company’s service‑relationship strategy.
Baker Hughes’ Q3 2025 results showed OFSE sales falling 8% year‑over‑year, while the Industrial & Energy Technology (IET) segment grew 15% year‑over‑year. The new KOC contract is expected to offset the OFSE decline by providing a stable, recurring revenue source, helping to balance the company’s overall revenue mix. The addition of digital lift solutions also aligns with the company’s focus on high‑margin, technology‑enabled services that can drive future profitability.
Amerino Gatti, Executive Vice President of Oilfield Services & Equipment, highlighted the company’s long‑standing expertise in Kuwait, noting that “our artificial lift systems have proven themselves in Kuwait’s oilfields for nearly two decades.” He added that the integration of FusionPro™ and Leucipa™ reflects Baker Hughes’ commitment to delivering end‑to‑end digital lift solutions that enhance operational efficiency and reduce downtime. The contract underscores the company’s strategy to deepen service relationships in key markets while advancing its digital transformation agenda.
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