Baker Hughes Awarded Low-Emission Compressor Technology Order for Kaminho Deepwater…

• Baker Hughes to supply centrifugal and electrical-driven Integrated Compressor Line (ICL) compressors to Saipem for TotalEnergies' Kaminho Floating Production Storage and Offloading (FPSO) unit
• Kaminho, an all-electric project and the first large deepwater development in the Kwanza basin, plays a critical role in boosting Angola's hydrocarbon production
• Award marks another significant FPSO milestone for Baker Hughes in the offshore market, following several major projects in Latin America
  

FLORENCE, Italy - Oct. 15, 2024 - Baker Hughes, an energy technology company, announced Tuesday it has been awarded a contract, to be booked in the third quarter, to supply advanced compression solutions to Saipem for TotalEnergies' Kaminho Floating Production Storage and Offloading (FPSO) project in Angola.

Baker Hughes' centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity to minimize emissions, eliminate routine flaring and reinject associated gas into the reservoir for storage.

The all-electric Kaminho project is the first large deepwater development in the Kwanza basin and comprises the conversion of a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit. Production start-up is set for 2028 and is expected to reach 70,000 barrels of oil production a day.

"The all-electric Kaminho FPSO project in Angola is a key example of sustainable energy development whereby the project will provide critical energy supply to the country, leveraging proven technology to lower its overall carbon footprint," said Alberto Matucci, vice president, Gas Technology Equipment, Industrial & Energy Technology at Baker Hughes. "Baker Hughes is proud to be contributing our vast experience in offshore and our leading low-emission compression technology to support TotalEnergies, Saipem and the Block 20/11 partners on this important project."

This award builds on Baker Hughes' positive momentum in the offshore segment, most recently securing two major offshore topside contracts to provide power generation systems for two innovative, large-size and all-electric FPSO units in Latin America. Also this year, Baker Hughes was awarded a major Gas Technology Equipment contract in Algeria, further boosting its involvement in critical energy infrastructure projects across multiple geographies.

About Baker Hughes
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 - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Chiara Toniato
+39 3463823419
[email protected]