Energy tech major Baker Hughes and Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM) have signed a memorandum of understanding (MoU) to collaborate on future offshore floating LNG (FLNG) and onshore LNG projects.
The parties signed the MoU on November 5, 2023, at the China International Import Conference (CIIC).
The agreement aims to lay the groundwork for the collaboration between Wison and Baker Hughes and future project opportunities in the field of offshore FLNG and onshore LNG applications.
Furthermore, the MoU seeks to develop a long-term relationship between the two parties, formalizing the development of a frame agreement to streamline business processes and standardize technical products to meet market opportunities and ensure optimum solutions during bids and project execution.
Damien Nguyen , CTO of WOM, believes that the signing of this MoU will intensify collaboration between the two companies, and enhance the effort to support the global clean energy industry, bringing innovation and breakthroughs to the global energy transition.
The latest deal builds on the previous collaboration between Baker Hughes and WOM. In early 2023, Baker Hughes secured two procurement contracts with WOM to provide support for one floating LNG and one onshore LNG project.