Baker Hughes (BKR) has signed a multi-year contract with Kuwait Oil Company to improve technology innovation in the country's upstream energy sector, the company said Tuesday.
Financial terms were not disclosed.
Baker Hughes said it will work as a technology collaborator in the Ahmadi Innovation Valley, the state-owned energy company's initiative to establish an in-country research and innovation hub.
As part of the deal, Baker Hughes will build a research and technology development center in the Ahmadi Innovation Valley, the company said.