Baker Hughes Lands Multi-Year Deal For Dubai Gas Project

Baker Hughes Company (NASDAQ:BKR) shares are trading lower on Wednesday after it secured a multi-year contract with Dubai Petroleum Establishment (DPE) on behalf of Dubai Supply Authority.

As per the deal, it will deliver integrated coiled-tubing drilling services for the Margham Gas storage project.

By delivering coiled-tubing drilling services, Baker Hughes expands its role in the Margham Gas project, which leverages the mature Margham field.

In addition to supplying Integrated Compressor Line (ICL) units for ...