Baker Hughes, a GE company, (BHGE) has signed an agreement with Twinza Oil Ltd. (Twinza) to provide support on the Pasca A gas condensate field, located in the Gulf of Papua, off the coast of Papua New Guinea.
Twinza is an upstream oil and gas company with oil and gas assets in the Asia-Pacific region. The company’s operations are supported out of Singapore, with additional offices in Perth, Port Moresby, Brisbane, and Bangkok.
As a result of the recent merger of GE Oil & Gas and Baker Hughes (See August 2017 Gas Compression Magazine, Done Deal, p. 46), the award is considered by some to be an industry first – a “fullstream” agreement. The fullstream offering includes a wide range of capabilities in drilling services, subsea equipment, gas processing topsides, gas compression, and turbomachinery as well as installation and commissioning services. As part of the fullstream package, BHGE was also able to offer a financial solution to enable Twinza to complete appraisal drilling and proceed to final investment decision (FID).
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