Baker Hughes secures long-term service agreement for Nigerian gas project

[Baker Hughes office building in Houston, Texas, USA.] JHVEPhoto/iStock Editorial via Getty Images Baker Hughes (BKR [https://seekingalpha.com/symbol/BKR]) said late Monday it was awarded [https://seekingalpha.com/pr/20559991-baker-hughes-awarded-significant-long-term-service-agreement-with-anoh-gas-processing-company] a "significant" long-term service agreement to provide lifecycle services and digital monitoring support for the ANOH gas processing plant in Nigeria; financial terms were not disclosed. The company said the agreement covers maintenance, repair services, engineering support, and digital monitoring for critical turbomachinery equipment at the facility, including two NovaLT 16 gas turbines, and will deploy its iCenter digital services platform to provide remote monitoring and diagnostics aimed at improving equipment reliability and operational performance. The ANOH plant is a key component of Nigeria’s strategy to expand domestic natural gas utilization for power generation and industrial development. Baker Hughes (BKR [https://seekingalpha.com/symbol/BKR]) said the agreement builds on its existing relationship with ANOH; in 2019, the company supplied an integrated power island solution for the facility, inclusive of two NovaLT 16 gas turbines — the first supplied in Sub-Saharan Africa — along with compressors and gears. MORE ON BAKER HUGHES * Baker Hughes Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript [https://seekingalpha.com/article/4909231-baker-hughes-company-bkr-presents-at-bernstein-42nd-annual-strategic-decisions-conference] * Baker Hughes: Timing An Acquisition Close Perfectly [https://seekingalpha.com/article/4897850-baker-hughes-timing-an-acquisition-close-perfectly] * Baker Hughes: Record Backlog, Iran Tailwinds, And AI Exposure Aren't Enough [https://seekingalpha.com/article/4893918-baker-hughes-record-backlog-iran-tailwinds-and-ai-exposure-arent-enough]