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-1.32260553289673E-05 -0.00101399757522318 -0.00088173702193319 0.000110217127741707 -0.00110217127741645 -0.000352694808773245 -0.000220434255483258 0.00119034497960988
Stock impact report

BKR Secures Multi-Year Contract in Kuwait for Production Enhancement [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
BKR will deliver artificial lift systems and associated services that can help increase oil and gas production across mature fields. Per the terms of the agreement, Baker Hughes will supply electrical submersible pumps (ESPs) to KOC, along with a range of services, which include installation, surveillance and maintenance of the equipment. These artificial lift systems will be linked to Baker Hughes' FusionPro intelligent production drive and Leucipa automated field production solution. These advanced technologies will enable real-time monitoring and optimization of operations, which are expected to improve reliability and significantly reduce nonproductive time in the oil and gas fields. Prior to this contract award, KOC had awarded another contract to Baker Hughes for providing advanced wireline and perforation technologies, which include the proprietary Proxima™ advanced logging services. This advanced solution is aimed at assessing the reservoir details more intricately to stre Show less Read more
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