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Dec 17, 2025 12:00 PM

Baker Hughes Expands Middle East Presence With Kuwait Oil Company Deal

Baker Hughes Company (NASDAQ:BKR) shares are trading higher premarket on Wednesday after the company grabbed a multi-year contract with Kuwait Oil Company (KOC).

The contract entails providing advanced artificial lift systems and related services for enhanced oil and gas production in Kuwait.

As per the deal, Baker Hughes will supply electrical submersible pumps (ESPs) along with installation, monitoring, and maintenance services.

The company expects to optimize performance through FusionPro intelligent production drives and the Leucipa automated field production solution, thereby improving operational reliability and minimizing nonproductive time.

Recent KOC Deals

This contract follows a third-quarter award from KOC in which Baker Hughes provided advanced wireline and perforation technologies.

Earlier in 2025, Baker Hughes penned a memorandum of understanding to create a research and development center in Kuwait's Ahmadi Innovation Valley, aimed at tackling upstream technology challenges and developing local expertise.

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