HMH Awarded Pressure Control System for GMGS Drillship

HOUSTON–(BUSINESS WIRE)–HMH, a premier drilling solutions provider, has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey (GMGS). The system will comprise of a blowout preventer (BOP) stack, including the new SeaONYX V.2 control system, a SeaPrime Pod control system, PR2 H4 Connectors, as well as an 8,202 ft. (2,500 meter) riser package.

The total contract value is worth approximately USD $77 million and follows up on the contract awarded by GMGS to HMH’s subsidiary entity MHWirth AS on September 2, 2021 for the delivery of a topside drilling equipment package worth approximately USD $83 million.

Pete Miller, Chairman and CEO of HMH stated, “This project is the first major contract awarded to HMH since the creation of the new company in October and marks an important milestone for HMH. We were awarded these contracts through the combined efforts of employees across the company. This confirms the strategic nature of the merger and shows what our dedicated employees can accomplish together. We would also like to thank GMGS for putting their trust in us and look forward to working with them in the years ahead.”

The combined scope of these contracts will be installed onboard a drillship operated by GMGS with an expected delivery date around December 2023.

About HMH

HMH is an independent company formed in October of 2021, through the merger of Baker Hughes’ (NYSE: BKR) Subsea Drilling Systems business (SDS) and Akastor ASA’s (Oslo: AKAST) wholly owned subsidiary, MHWirth AS (MHWirth).

HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full range of offshore drilling equipment products and packages at scale. HMH aims to support the industry’s transition toward more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency. Moreover, the Company’s service and technology portfolio will be utilized as a springboard for future growth, both within drilling services and when pursuing opportunities towards adjacent industries such as renewables and mining.

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HMH Media Relations
John Stout