What is the story about?
What's Happening?
Baker Hughes has won a significant contract from Turkish Petroleum and the Turkish Petroleum Offshore Technology Center to supply subsea production and intelligent completion systems for Phase 3 of the Sakarya Gas Field. This project is central to Turkiye's Black Sea energy strategy. Baker Hughes will provide advanced technologies to optimize production efficiency and reliability at depths between 6,500 and 7,200 feet. The company has been involved in the Sakarya project since 2022, contributing to reservoir evaluations and technology deployments.
Why It's Important?
The Sakarya Gas Field development is pivotal for Turkiye's energy sector, promising enhanced energy security and economic prosperity. Baker Hughes' involvement underscores the importance of technological innovation in unlocking hydrocarbon resources. The contract highlights the company's role in advancing Turkiye's energy infrastructure, potentially leading to long-term benefits for the country's energy independence and economic growth.
What's Next?
Deliveries for Sakarya Phase 3 are expected to begin in late 2025. Baker Hughes will integrate its completions technologies with subsea production infrastructure, aiming to enhance operational efficiency. This phase of development could set a precedent for future energy projects in the region, influencing Turkiye's energy policies and international partnerships.
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