Core Insights - Baker Hughes Company (BKR) has secured a multi-year contract with Kuwait Oil Company (KOC) to enhance oil and gas production through artificial lift systems [1] - The contract includes the supply of electrical submersible pumps (ESPs) and associated services such as installation, surveillance, and maintenance [1] - Baker Hughes' technologies will enable real-time monitoring and optimization of operations, improving reliability and reducing nonproductive time [2] Scope of Work - The artificial lift systems will be integrated with Baker Hughes' FusionPro intelligent production drive and Leucipa automated field production solution [2] - Prior to this contract, KOC awarded Baker Hughes another contract for advanced wireline and perforation technologies, including Proxima™ advanced logging services [3] Maximizing Value - Technological advancements are allowing for greater value extraction from mature oil and gas resources, with Baker Hughes and KOC leading in this area [4] - Baker Hughes has a successful track record of nearly 20 years in deploying artificial lift systems in Kuwait [4] Long-Standing Presence - Baker Hughes has been operating in Kuwait for several decades and owns a large workshop for testing and failure analysis of artificial lift systems [5] - The company has signed a memorandum of understanding to establish a research and development center in the Ahmadi Innovation Valley, aimed at addressing challenges in the upstream sector and fostering local talent [5] Industry Context - Baker Hughes currently holds a Zacks Rank 3 (Hold), while other energy sector stocks like Oceaneering International, Subsea7, and FuelCell Energy have higher rankings [6]

Leucipa™, FusionPro™ integration will optimize ESP operationsAgreement follows third-quarter award for advanced wireline, perforation technology HOUSTON and LONDON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a major award from Kuwait Oil Company (KOC) to provide advanced artificial lift systems and associated services to enhance production in Kuwait’s oil and gas fields. Under the multi-year agreement, Baker Hughes will supply its portfoli ...