BAKU, Azerbaijan, December 27. A subsidiary of Azerbaijan's private oil business GL Ltd will work with Baker Hughes, a global leader in industrial services, to resolve production issues at various onshore oil fields in Azerbaijan, Trend reports, referring to GL Ltd.
This was reported by Trend on Wednesday, citing GL Ltd's information.
"In the second decade of December, Baker Hughes and GL Technical Services (GLTS) inked a memorandum of agreement, giving the Azerbaijani company access to modern oil well work technology from Baker Hughes. This will boost productivity, reduce costs, and improve operational efficiency at GL Ltd fields in Azerbaijan," the company said.
GLTS was founded in 2022. Recently it acquired the latest drilling and wells servicing equipment.
GL Ltd's assets include the "Kursangi" and "Garabagli" fields in Salyan district and the "Buzovna-Mashtaga-Gala-Zira" block in Absheron.
Interaction with Baker Hughes will assist in the rehabilitation of these long-standing onshore fields in Azerbaijan.