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Reuters first to report Baker Hughes clinches integrated services contract for PNG gas field

Reuters first to report Baker Hughes clinches integrated services contract for PNG gas field

Reuters was first to report that Baker Hughes, a GE Company, has won a major contract to provide a wide range of services to develop Papua New Guinea’s first offshore gas field which is seen as a new model to help producers adapt to a world of low oil prices. The contract, worth several hundred million dollars, contrasts with the traditional model where a company awards various parts of field development separately to different providers.