New Stratus Energy signs MOU with Baker Hughes on Venezuela oil and gas prospects
BKR•New Stratus Energy signed a memorandum of understanding with Baker Hughes to support development of future oil and gas prospects in Venezuela, with LNG identified as a potential offtake and export route.
1. Planned collaboration
The collaboration targets accelerated project development using Baker Hughes technology across subsurface evaluation, drilling, production, processing, digital solutions and emissions abatement. LNG is a potential offtake and export route tied to larger reserve-play development.
