KUALA LUMPUR (Apr 3): PETRA ENERGY BHD [] has into a Memorandum of Understanding (MoU) with Baker Hughes (M) Sdn Bhd (BHM) to undertake oil and gas projects in Malaysia.
Petra Energy said the company and would co-operate to provide capability development services including deploying their respective expertise and knowledge for oil and gas projects for operators in Malaysia within the duration of the MoU.
"Arising from the provision of the aforesaid co-operation, if and when a contract or contracts are secured, BHM shall assume one or more roles to be mutually agreed by the Parties under a formal and final contract," it said on Tuesday.
Petra Energy said the MoU shall remain in effect for one year from the date of MoU.
According to information found at the website of BHM's parent company, Baker Hughes Incorporated was formed in 1987 with the merger of Baker International and Hughes Tool Company — both founded over 100 years ago when R C Baker and Howard Hughes Sr conceived ground-breaking inventions that revolutionised the fledgling petroleum era.
Baker Hughes Inc's website says the company has 57,000-plus employees in more than 80 countries. Baker Hughes describes itself as a top-tier oilfield service company.
Petra Energy said the company and would co-operate to provide capability development services including deploying their respective expertise and knowledge for oil and gas projects for operators in Malaysia within the duration of the MoU.
"Arising from the provision of the aforesaid co-operation, if and when a contract or contracts are secured, BHM shall assume one or more roles to be mutually agreed by the Parties under a formal and final contract," it said on Tuesday.
Petra Energy said the MoU shall remain in effect for one year from the date of MoU.
According to information found at the website of BHM's parent company, Baker Hughes Incorporated was formed in 1987 with the merger of Baker International and Hughes Tool Company — both founded over 100 years ago when R C Baker and Howard Hughes Sr conceived ground-breaking inventions that revolutionised the fledgling petroleum era.
Baker Hughes Inc's website says the company has 57,000-plus employees in more than 80 countries. Baker Hughes describes itself as a top-tier oilfield service company.
