HOUSTON and LONDON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines, and compressors for three LNG trains, helping to ensure its continued reliable operation. The agreement underscores Baker Hughes' role as a solutions provider.
Related Questions
How will the 90‑month service agreement with bp’s Tangguh LNG project affect Baker Hughes’ revenue and earnings outlook through FY2027?
What incremental EBITDA margin does this contract add, and how does it compare with similar long‑term service deals secured by peers such as GE, Siemens or Wood Group?
What geopolitical, regulatory or operational risks are linked to the Tangguh LNG plant in Indonesia that could impact the timing or profitability of the agreement?