Baker Hughes Signs Agreement with Halfaya Gas Company to Advance Flare Reduction…

The agreement was signed during the Gastech Exhibition & Conference in Milan, Italy by Baker Hughes Senior Vice President, Energy Equipment, Industrial Energy Technology Alessandro Bresciani and Raban Al Safina for Energy Projects CEO Hussein Saihood.

• Companies strengthen their collaboration on innovative flare gas recovery system
• Project is expected to recover up to 300 MMSCFD of flared gas
• Recovered gas will be converted into treated dry gas, liquefied petroleum gas, and condensate for domestic use and export

HOUSTON and LONDON - Sept. 16, 2025 - Baker Hughes, an energy technology company, announced Tuesday an agreement with Iraq-based Halfaya Gas Company (HGC) to strengthen their collaboration for an innovative flare gas recovery system at the Bin Umar gas processing plant in southeastern Iraq. The project will significantly reduce upstream flaring and transform waste gas into valuable products.

The agreement builds on apreviously announcedmemorandum of understanding to establish a collaboration for the Bin Umar development project and completion of a pre-Front End Engineering and Design (FEED) study. It marks an important step in Iraq's drive to eliminate routine flaring and support the country's energy transition and environmental priorities.

The project is expected to recover up to 300 standard cubic feet per day (MMSCFD) of flared gas. This equates to approximately 32 billion kilowatt-hours of energy annually - comparable to the yearly electricity consumption of roughly 2 million average households in Iraq. The waste gas that would have otherwise been flared will be converted into treated dry gas, liquefied petroleum gas (LPG), and condensate for domestic use and export.

The companies have also agreed to collaborate on development of upstream oilfields in Iraq, also leveraging Baker Hughes' Oilfield Services & Equipment segment expertise. This includes exploring strategic opportunities to develop local maintenance and repair services, along with an industrial manufacturing collaboration.

"Our collaboration with Baker Hughes reaffirms our unwavering commitment to Iraq's future by reducing emissions, enhancing energy security and accelerating the development of a modern and sustainable energy infrastructure. Through strategic alliances with world-class partners, we are laying the foundations for long-term prosperity and resilience for our people," said Hussein Saihood CEO Raban Al Safina for Energy Projects (RASEP - part of RAS Group). "Baker Hughes' demonstrated technical capabilities, tailored solutions and in-country service presence make them an ideal partner for this critical project."

"Making traditional sources of energy more efficient with lower emissions is critical for sustainable energy development. The industry has a responsibility and opportunity to enable this today," said Alessandro Bresciani, senior vice president Energy Equipment, Industrial & Energy Technology at Baker Hughes. "This agreement is a testament to our shared commitment to driving progress at scale and represents another significant milestone in Baker Hughes' journey to help customers achieve more sustainable and efficient operations."

The Bin Umar projectis being developed by Halfaya Gas Company Ltd. (HGC), a special purpose project company owned by RASEP - Part of RAS Group, pursuant to a 15 years' BOOT contract with South Gas Company (a subsidiary of the Iraqi Ministry of Oil).

The flare gas recovery system is part of Baker Hughes' broad portfolio of emissions abatement solutionscapable of improving productivity, efficiency and delivering increased value at scale across customer operations.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

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