Baker Hughes, an energy technology company, announced a significant award from Azule Energy to provide subsea production systems for Angola's Greater PAJ development. The agreement aims to support safe and efficient operations in the ultra-deepwater, greenfield development, reinforcing Baker Hughes' offshore presence in Angola.

Under the terms of the agreement, Baker Hughes will supply its deepwater horizontal tree systems engineered to optimize production in remote, ultra-deepwater environments. The scope of supply also includes subsea control modules, intervention workover control systems, and associated connection, distribution, and topside equipment.

Baker Hughes will further provide integrated tooling and services to support installation, commissioning, and ongoing production performance. These services will be delivered from its facilities in Angola, leveraging the local supply chain to increase operational efficiencies.

Key Equipment and Services

The following table outlines the primary components and services included in the agreement:

The award expands Baker Hughes' offshore operations in Angola and strengthens its global position in the subsea tree market.

Baker Hughes and Mantle Reach Power, a dedicated geothermal development company backed by EnCap Energy Transition Fund III, announced a new commercial agreement to facilitate the economically viable, financially sustainable large-scale deployment of geothermal energy in North America. The collaboration targets the installation of up to 500 megawatts of power in the next five years, aiming to remove historical hurdles to scaling geothermal energy and meet the rising demand for clean, reliable baseload power driven by electrification and the growth of artificial intelligence and hyperscale computing.

Under the agreement, Baker Hughes will act as an integrated subsurface solution provider, utilizing its portfolio of subsurface technologies, surface power generation, and digital solutions. Mantle Reach Power will lead project development, ownership, and financing, leveraging the expertise of EnCap Investments, which has raised approximately $47 billion across 25 institutional funds. The partnership aims to optimize risk allocation and enhance pre-construction bankability, addressing a significant barrier to scaling geothermal energy.

The phased structure of the agreement integrates advanced technologies applicable to geothermal development, construction, and operation. By combining Baker Hughes’ subsurface and surface technologies with Mantle Reach Power’s development capabilities, the parties intend to dramatically accelerate project execution and deliver secure, renewable energy capacity at an industrial scale.

Strategic Objectives

The collaboration focuses on creating a repeatable, financeable model to deploy geothermal energy at speed and scale. Key objectives include:

• De-risking project development through integrated subsurface and surface technologies.
• Enhancing pre-construction bankability to attract private capital.
• Delivering up to 500MW of installed capacity on competitive terms.

Key Stakeholder Perspectives

Lorenzo Simonelli, Chairman and CEO of Baker Hughes, emphasized the importance of geothermal as a clean power solution that enhances U.S. energy security and supports digital infrastructure. He highlighted the agreement as a commercial architecture that provides a repeatable model to meet global energy demands.

Tim Rebhorn, Managing Partner at EnCap Energy Transition, noted that the collaboration aligns development capital, project finance expertise, and world-class technology to address fundamental challenges preventing private capital participation in geothermal deployment.

Nick Karambelas, CEO of Mantle Reach Power, stated that integrating Baker Hughes’ expertise with Mantle Reach Power’s capabilities positions the company to commercialize geothermal assets at scale, providing the construction and operating certainty necessary to access conventional project financing.