Baker Hughes to Provide Coiled-Tubing Drilling Services for Dubai Gas Storage Project

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09:29 AM EDT, 03/26/2025 (MT Newswires) -- Baker Hughes ( BKR ) said Wednesday morning it was awarded a multi-year contract to provide integrated coiled-tubing drilling services for the Dubai Supply Authority's Margham Gas storage project located in the United Arab Emirates.

The project will help provide stability to Dubai's energy supply by supporting the energy system's ability to switch between natural gas and solar power, the company said. Financial terms of the contract were not disclosed.

Baker Hughes ( BKR ) said the contract was signed with Dubai Petroleum Establishment, on behalf of Dubai Supply Authority.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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