Texas-headquartered Baker Hughes, a GE Company (BHGE) has won a major contract to provide a wide range of services to develop Papua New Guinea’s first offshore gas field.
The contract in Papua New Guinea (PNG), worth several hundred million dollars, contrasts with the traditional model where a company awards various parts of field development separately to different providers.
BHGE will provide services to Australian exploration and production firm Twinza for the development of the Pasca A gas-condensate field ranging from the initial stages of well-drilling and appraisal through to production and gas processing, executives from the two companies said.