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  • Scope includes medium water horizontal Xmas trees, associated subsea control Semstar5 systems and wellheads
  • BHGE’s holistic approach to subsea development Subsea Connect played an integral role in contract win

Houston – May 7 – Beach Energy (ASX: BPT) awarded Baker Hughes, a GE company (NYSE: BHGE) a contract to supply subsea production systems for its Victorian Otway Basin development project located in offshore Victoria, Australia.

The contract was awarded in the first quarter of 2019 and includes medium water horizontal Xmas trees and associated subsea control Semstar5 systems, in addition to wellheads.

With this project, BHGE demonstrates the benefits of Subsea Connect, an industry changing approach BHGE launched in 2018 that brings together early engagement, advanced technologies, creative commercial models and digital enablement to improve project economics and certainty.

Beach Energy is a key supplier to the Australian east coast natural gas market, and BHGE is supporting this important South Australian brownfield project by driving enhanced efficiencies and bringing its expertise in subsea projects.

Neil Saunders, president & CEO of BHGE’s Oilfield Equipment business, said: “We are excited to be partnering with Beach Energy in a project of such relevance for the Australian gas market. Not only do we bring our expertise in subsea gas projects, but we also demonstrate how our Subsea Connect capabilities are put into action to add value to a brownfield project while delivering cost-effective solutions under a local execution model.”

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About Baker Hughes, a GE company

Baker Hughes, a GE company (NYSE: BHGE), is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world. Visit us at BHGE.com.

For more information, please contact:

Brenda Clark, +44 7825195900, brenda.clark@bhge.com

Kelly Russell, +1 713-548-4176, kelly.russell2@bhge.com