{"id":859395,"date":"2025-06-11T07:04:38","date_gmt":"2025-06-11T11:04:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\/"},"modified":"2025-06-11T07:04:38","modified_gmt":"2025-06-11T11:04:38","slug":"baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\/","title":{"rendered":"Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; Abandonment Operations in Oseberg East Field"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li style=\"text-align:left\">\n          <em>Baker Hughes awarded P&amp;A agreement based on Mature Assets Solutions portfolio<\/em>\n        <\/li>\n<li>\n          <em>Agreement will enable Equinor to drive efficiencies, industrialize P&amp;A operations through end-to-end integration <\/em>\n        <\/li>\n<li>\n          <em>Award marks first project as part of multi-year frame agreement for integrated well services<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>HOUSTON and LONDON, June  11, 2025  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, will provide Equinor plug and abandonment (P&amp;A) services in the Oseberg East field on Norway\u2019s continental shelf. Baker Hughes\u2019 Mature Assets Solutions team will lead the integrated P&amp;A campaign planning phase, as well as delivering integrated P&amp;A services in execution across several wells in the North Sea.<\/p>\n<p>Baker Hughes has a history of successful integrated P&amp;A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Through this integrated P&amp;A program, Baker Hughes will plug and abandon wells and provide project management services on behalf of Equinor.<\/p>\n<p>\u201cOur Mature Assets Solutions experts are well equipped to manage every phase of P&amp;A and optimize operations to meet Equinor\u2019s well abandonment goals,\u201d said Amerino Gatti, executive vice president of Oilfield Services &amp; Equipment at Baker Hughes. \u201cAs this project unfolds, we will collectively unlock new efficiencies that set new standards for well abandonment solutions, providing cost-effective solutions to Equinor through collaboration, technology, optimization and integration.\u201d<\/p>\n<p>This project follows the March 2025 signing of a multi-year framework agreement between Baker Hughes and Equinor to provide integrated plug and abandonment services. To manage the project, Baker Hughes will establish a P&amp;A Center of Excellence in Bergen and Stavanger. This hub of expertise will bring together project managers and subject matter experts to centralize P&amp;A activities in the North Sea, ensuring the most economical and reliable solutions are implemented to responsibly abandon each well while maximizing operational efficiencies.<\/p>\n<p>Baker Hughes\u2019 differentiating well abandonment portfolio include cutting-edge technologies, such as PRIME Powered Mechanical Applications, CICM (Casing Integrity &amp; Cement Mapping), MASTODON\u2122 casing retrieval system, and the Xtreme SJI mechanical slotting tool.\u00a0Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.<\/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=jsLORA85Fa9QMwqthoU3UQiTY-k3S5meNG90fWvPQadKVwAOxmiNPC28wWc-AXNte4nH1My0Pcuwt2PZIpL9Pt6FN7Jp6lqi79vfWUMKYOI=\" 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><br \/>\n        <br \/>Brian Reynolds<br \/>+1 346-315-6663<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xXvh7-WGcIscqyn4N7mro3TmILpZZV10CYB9hrqYQ37DQR7nxGnZ7HLdMRNZ4KFaoM9v_XLZLLVz6Lc-8RvDXzG3eBBw0fAowiDNjcoTHJJJWZae2NK63zDX1Yu89bdn\" rel=\"nofollow\" target=\"_blank\">brian.reynolds@bakerhughes.com<\/a><\/p>\n<p>\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>Chase Mulvehill<br \/>+1 346-297-2561<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wqmz5bo26na5rvswnSS4zKkeRovOSe8NPqwJPcKRhXewosbmm-NAnuKyEOW-VOaZn9Nx95zo3x-r26ThGFf39ShNThXYJoyNLjrndrEcjNm3QfLPGdDOwqxPkUiyxpdE93dpWXGm8Ya1gYDBISVeig==\" 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=OTQ2NjQyNiM2OTg0NjQzIzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzQ0NTA5YjAtYTI3Yy00NWIyLWE2MGEtMWMzZDQ2NjNhNTc2LTEwMTcyMTMtMjAyNS0wNi0xMS1lbg==\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Baker Hughes awarded P&amp;A agreement based on Mature Assets Solutions portfolio Agreement will enable Equinor to drive efficiencies, industrialize P&amp;A operations through end-to-end integration Award marks first project as part of multi-year frame agreement for integrated well services HOUSTON and LONDON, June 11, 2025 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, will provide Equinor plug and abandonment (P&amp;A) services in the Oseberg East field on Norway\u2019s continental shelf. Baker Hughes\u2019 Mature Assets Solutions team will lead the integrated P&amp;A campaign planning phase, as well as delivering integrated P&amp;A services in execution across several wells in the North Sea. Baker Hughes has a history of successful integrated P&amp;A projects, as well as its innovative portfolio of Mature &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; Abandonment Operations in Oseberg East Field&#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-859395","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; Abandonment Operations in Oseberg East Field - 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-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; Abandonment Operations in Oseberg East Field - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Baker Hughes awarded P&amp;A agreement based on Mature Assets Solutions portfolio Agreement will enable Equinor to drive efficiencies, industrialize P&amp;A operations through end-to-end integration Award marks first project as part of multi-year frame agreement for integrated well services HOUSTON and LONDON, June 11, 2025 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, will provide Equinor plug and abandonment (P&amp;A) services in the Oseberg East field on Norway\u2019s continental shelf. Baker Hughes\u2019 Mature Assets Solutions team will lead the integrated P&amp;A campaign planning phase, as well as delivering integrated P&amp;A services in execution across several wells in the North Sea. Baker Hughes has a history of successful integrated P&amp;A projects, as well as its innovative portfolio of Mature &hellip; Continue reading &quot;Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; Abandonment Operations in Oseberg East Field&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-11T11:04:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjQyNiM2OTg0NjQzIzIwMDU2NDA=\" \/>\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-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-receives-award-from-equinor-to-industrialize-offshore-plug-abandonment-operations-in-oseberg-east-field\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug &amp; 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