17 November 2020
Tyumen Region Government and Baker Hughes Sign Cooperation Agreement and Define Future Directions of Business Development in Region

November 17, 2020: Governor Alexander Moor and President of Baker Hughes Russia & CIS Elena Akoltseva signed an agreement to drive future cooperation between the Tyumen Region and the energy tech company.

The regional government has backed up Baker Hughes in its investment projects rolled out in the region for seven years: “I hope that we have been and remain reliable partners. We are ready to continue assisting the company in its business development plans in the region”, stresses Alexander Moor. He highlights this approach as a priority in investor relations.

“We are pleased to broaden our collaboration and hope this agreement puts us on the right path to further develop our manufacturing capabilities in Tyumen region, to expand the range of cutting-edge technologies available to our partners throughout the Russian energy sector”, Elena Akoltseva commented on the signing of the agreement. In particular, the regional president noted that next year the company plans to locate drilling bits service center in Tyumen region.

In the course of the online meeting, the parties also discussed their collaboration focused on the development of industrial and sci-tech projects in the Tyumen Region. In particular, the governor invited Baker Hughes to join the future interregional oil cluster project: “It will feature a seamless tech pipeline – from R&D to further industrial manufacture and integration. It will bring together businesses from across the country to tackle common issues. The cluster now has 45 participants from ten regions. According to our estimates, it will include about 100 companies in total. I also invite Baker Hughes to join this project”.

Elena Akoltseva notes that Baker Hughes focuses on its business expansion in the Tyumen Region, cites the future oil cluster as a promising project and assures that the issue of joining will be reviewed in the near future.

Source: Press service of the Governor of the Tyumen region