Baker Hughes Boosts Gas Drilling in Saudi Arabia with Major Aramco Deal

Baker Hughes has secured a multi-year agreement with Aramco to enhance gas drilling operations in Saudi Arabia, marking a significant investment in the regions energy sector.

• Baker Hughes has announced a multi-year agreement with Aramco to expand integrated underbalanced coiled tubing drilling across Saudi Arabias natural gas fields.
• The deal signifies a strategic partnership aimed at boosting efficiency and output in Saudi Arabias gas sector, which is crucial for the countrys energy diversification efforts.
• Baker Hughes, valued at $48.2 billion, is currently trading near its 52-week high, reflecting strong investor confidence following this major contract with Aramco.