On July 31, 2025, Desi Group and Baker Hughes held talks in Shenzhen and signed a Memorandum of Cooperation. Both parties agreed to deepen their cooperation on the basis of the existing collaboration: first, to enhance product and technology cooperation and incorporate each other's advantageous products into their supply chains; second, to strengthen on-site service coordination, with Desi leveraging its local technical team and on-site service advantages to closely cooperate with Baker Hughes' expert team to provide customers with faster and more accurate on-site testing and solution optimization services; third, to promote joint technological innovation, with both parties forming a joint technical team to jointly explore new technology research and development and application, and develop more competitive products and solutions for the Chinese and even global markets.
Before the signing ceremony, Mr. Paul Madero, Senior Vice President of Baker Hughes, and Mr. Cui Shizhang, Chairman of Deshi Group, delivered speeches successively.
Both parties stated in their speeches that Baker Hughes has been established for over a hundred years, possessing a profound cultural heritage, extensive technical accumulation, and an outstanding culture of innovation. It has an excellent management team, technical team, and service team. It is an international leading enterprise providing integrated services throughout the upstream, midstream, and downstream of the oil and gas industry, and is a benchmark enterprise in the global oil and gas field service sector. Since its establishment 20 years ago, Desh Group has adhered to technological innovation and has developed into a specialized enterprise providing solutions, technologies, products, and services for oil and gas production enhancement and recovery rate improvement. It has adhered to the "oilfield hospital" development model, forming comprehensive capabilities in "diagnosis", "treatment", and the provision of core agents for oil and gas blocks, and has also established a high-standard product and technology system with international competitiveness.
Beckhus and Deshi share similar values and have a good foundation for cooperation. As important service providers in the oil and gas field sector, through this signing, both parties will carry out comprehensive cooperation. In the Chinese market, they will deepen regional cooperation and synergy, improve service efficiency, quality and coverage; in the international market, they will share resources, form a strong alliance, complement each other's strengths, enhance global competitiveness, and at the same time create greater value for customers.
Zhuang Ye, Vice President and President of North Asia Region of Baker Hughes, Lu Xiaonan, General Manager of Asia-Pacific Region of Baker Hughes Production Solutions Group, Lan Nan, Director of Sales of Baker Hughes Production Solutions Group in Asia-Pacific Region, Jega, Director of Sales of Oilfield Industrial Chemicals in Asia-Pacific Region, Li Sizhuo, Director of Baker Hughes for Major Customers of CNOOC, Gao Wei, Operations Manager of Oilfield Industrial Chemicals in North Asia Region, Li Wenyao, Sales Manager of Oilfield Industrial Chemicals in North Asia Region, Guo Yuxi, Party Secretary, Senior Vice President and General Manager of Oilfield Chemicals Division of Deshui Group, Wang Wenling and Zhang Zuyao, members of the sales team of Oilfield Chemicals Division of Deshui Group, all participated in the meeting and the signing ceremony.
