Baker Hughes, Hunt Oil Sign Framework to Extend Life of Mature Oil Fields

Baker Hughes and Hunt Oil Company have signed a global joint framework agreement aimed at redeveloping mature oil and gas fields and extending the life of aging assets. The collaboration pairs Baker Hughes’ advanced energy technologies and subsurface capabilities with Hunt Oil’s long-standing expertise in exploration, development, and field operations across major hydrocarbon basins. Both companies describe the deal as a strategic effort to unlock remaining value in fields that still hold commercial pote ...