General Electric Company plans to soon acquire oil and gas assets of the US service companies Halliburton and Baker Hughes in Azerbaijan, a source on the oil and gas market of Azerbaijan told Trend.
After their merger, the companies decided to sell some of their equipment and services, including those in Azerbaijan, according to the source.
“The matter rests in both the drilling equipment and specific services such as cementing of wells and other drilling operations,” said the source. “The oil and gas unit of General Electric [GE Oil & Gas] is interested in the acquisition of these assets in Azerbaijan.”
The source did not specify the date when the deal will be announced officially.
GE Oil & Gas has more than 12,000 employees worldwide and provides services to customers in more than 100 countries of the world.
