{"id":829860,"date":"2025-03-26T07:15:25","date_gmt":"2025-03-26T11:15:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/"},"modified":"2025-03-26T07:15:25","modified_gmt":"2025-03-26T11:15:25","slug":"baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/","title":{"rendered":"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <em>CoilTrak\u2122 system allows for increased reservoir connectivity through efficient slim-hole multilateral drilling<\/em>\n        <\/li>\n<li>\n          <em>Project strengthens Dubai\u2019s low-carbon energy capabilities<\/em>\n        <\/li>\n<li>\n          <em>Award follows major order for Baker Hughes\u2019 Integrated Compressor Line (ICL) units<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>HOUSTON and LONDON, March  26, 2025  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company\u2019s Margham Gas storage project.<\/p>\n<p>The project will provide stability to Dubai\u2019s energy supply by strengthening the system\u2019s ability to switch between natural gas and solar power.<\/p>\n<p>Providing the coiled-tubing drilling increases Baker Hughes\u2019 overall support of the Margham Gas project, which draws upon the mature field of the same name. Already set to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YYy4cE7Vv_5sS6A6Me5bkIlwIMlHWoEuyCHgigxR2jpnAQSC2SJX-0Jb907_Z_gzSm_-OVPOW6sehT5VJ6RVlfNna4kiwdQ1uo74xqQP_imnSN_5ZTCJCokw9CVV4-0vAM0pPXmXmMzzjsbKJtDYk6vzL_P2oWp3_Sb6j8fUo8WiuGs_QOPR6w_5LQ2n7ZbhcY6IC5gx1gdflFs_yC1YvocyogLLV0CsWSCJRPqZlIWoTnXJczpcP6ltf22ZDhglE4KeNgxoy5S9u6D2chhmZnE2tIjE3J6uw9VjOq0G74M=\" rel=\"nofollow\" target=\"_blank\">supply the company\u2019s Integrated Compressor Line (ICL) units<\/a> for gas storage, injection and export, Baker Hughes\u2019 broad portfolio is helping to create a reliable power system with reduced emissions.<\/p>\n<p>\u201cBaker Hughes has built a reputation as a leader in coiled-tubing drilling and mature assets solutions, and we bring a track record of success across the region to this important project,\u201d said Amerino Gatti, executive vice president of Oilfield Services &amp; Equipment at Baker Hughes. \u201cOur integrated solutions approach combines industry-leading technology and expertise across the energy value chain to help DPE scale-up and develop reliable, secure and lower-carbon power solutions for their country.\u201d<\/p>\n<p>The project brings together Baker Hughes\u2019 expertise in integration of coiled-tubing drilling, under-balanced drilling and the company\u2019s industry-leading CoilTrak\u2122 coiled-tubing bottomhole assembly (BHA) system. CoilTrak allows operators to more effectively navigate the subsurface environment during horizontal drilling to maximize reservoir contact, which is crucial for underground gas storage.\u00a0<\/p>\n<p>\n        <strong>About Baker Hughes<\/strong><br \/>\n        <br \/>Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tYrSMpTz_CNYIydg4QA_BStD5bI8RswyamOMy3k1ceXaMQh9nhsChyvWa9GU-SIxQBCfaWZlcKkTs8Nr_LIBV1SOczuMt3Y-KqFb6DMPe7c=\" rel=\"nofollow\" target=\"_blank\">bakerhughes.com.<\/a><\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Media Relations <\/strong>\n      <\/p>\n<p>Brian Reynolds<br \/>+1 346-315-6663<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uSke6kYoz2fTrKM-ZA0zUaf96048tX-vOv19FQ64OQMY7pKCc5Mx1fC6KSHMoEil46IZvLKpiKeqmYE-FJeEPtfUQsnlpP0-u8RR4q_kti0rWX6rrD6dyg0rYROjUBH6\" rel=\"nofollow\" target=\"_blank\">brian.reynolds@bakerhughes.com<\/a><\/p>\n<p>\n        <strong>Investor Relations: <\/strong>\n      <\/p>\n<p>Chase Mulvehill<br \/>+1 346-297-2561<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8vYYrdKQz-ltUX-0jJ7QiXIquSH21ROV2Vnf1uB4eIrs8sCnP6VQ30ejSQFNllfzKMxvFrBd3b_k1csTr0sXACqT_cGXqrIvSQmkKr8BHkTXA61qGfRx8pjVvyD_nnsqsNIfIzwoAIvokzZwiM2NrQ==\" rel=\"nofollow\" target=\"_blank\">investor.relations@bakerhughes.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMDYwMyM2ODMzMjg0IzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YThlMTVlMDAtNzY4Ny00NjEyLWE0MTQtMTIxNzIyMDFlMmUwLTEwMTcyMTMtMjAyNS0wMy0yNi1lbg==\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CoilTrak\u2122 system allows for increased reservoir connectivity through efficient slim-hole multilateral drilling Project strengthens Dubai\u2019s low-carbon energy capabilities Award follows major order for Baker Hughes\u2019 Integrated Compressor Line (ICL) units HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company\u2019s Margham Gas storage project. The project will provide stability to Dubai\u2019s energy supply by strengthening the system\u2019s ability to switch between natural gas and solar power. Providing the coiled-tubing drilling increases Baker Hughes\u2019 overall support of the Margham Gas project, which draws upon the mature &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-829860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CoilTrak\u2122 system allows for increased reservoir connectivity through efficient slim-hole multilateral drilling Project strengthens Dubai\u2019s low-carbon energy capabilities Award follows major order for Baker Hughes\u2019 Integrated Compressor Line (ICL) units HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company\u2019s Margham Gas storage project. The project will provide stability to Dubai\u2019s energy supply by strengthening the system\u2019s ability to switch between natural gas and solar power. Providing the coiled-tubing drilling increases Baker Hughes\u2019 overall support of the Margham Gas project, which draws upon the mature &hellip; Continue reading &quot;Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-26T11:15:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMDYwMyM2ODMzMjg0IzIwMDU2NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project\",\"datePublished\":\"2025-03-26T11:15:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/\"},\"wordCount\":383,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxMDYwMyM2ODMzMjg0IzIwMDU2NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\\\/\",\"name\":\"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project - 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The project will provide stability to Dubai\u2019s energy supply by strengthening the system\u2019s ability to switch between natural gas and solar power. Providing the coiled-tubing drilling increases Baker Hughes\u2019 overall support of the Margham Gas project, which draws upon the mature &hellip; Continue reading \"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-26T11:15:25+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMDYwMyM2ODMzMjg0IzIwMDU2NDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project","datePublished":"2025-03-26T11:15:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/"},"wordCount":383,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMDYwMyM2ODMzMjg0IzIwMDU2NDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-awarded-integrated-coiled-tubing-drilling-contract-for-dubai-petroleum-establishments-margham-gas-storage-project\/","name":"Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment\u2019s Margham Gas Storage Project - 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