Core Insights - Baker Hughes has secured a contract with Aramco to enhance its integrated underbalanced coiled tubing drilling (UBCTD) operations in Saudi Arabia, expanding its fleet from four to ten units by the third quarter of 2025 [1][2] - The multi-year agreement focuses on scaling and accelerating gas extraction from both new and established fields, including various operational services [2][3] - The combination of Baker Hughes' CoilTrak bottomhole assembly system and enhanced reservoir analysis is expected to improve production efficiency and safety while reducing reservoir damage [3][4] Contract Details - The contract includes the supply of coiled tubing drilling units, underbalanced drilling services, operational management, well construction, and geosciences [2] - Operations are set to begin next year, further strengthening Baker Hughes' presence in the region [4] - The project is a result of nearly two decades of collaboration between Baker Hughes and Aramco, aiming to innovate UBCTD practices [4] Equipment Supply - In addition to the UBCTD contract, Baker Hughes was awarded a key equipment supply contract for the third phase of the MGS project in Saudi Arabia, which includes the supply of 17 pipeline centrifugal compressors powered by aeroderivative gas turbines [5]