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Baker Hughes (BKR) Gets Major Contract for Hassi R'Mel Project
BKRBaker Hughes(BKR) zacks.com·2024-05-24 15:36

Baker Hughes Company (BKR) has been awarded a significant contract by Algeria's state-owned oil company Sonatrach for a gas-boosting project at the Hassi R'Mel field. The massive field, located 550 kilometers south of Algiers, is the largest gas field in Algeria and one of the largest in the world, representing a critical energy supply source for Algeria and Europe. As part of this project, Baker Hughes will provide 20 compression trains to be installed across three gas- boosting stations within Hassi R'Mel ...