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Aker Solutions, Baker Hughes to Cooperate on Early-Phase Oil, Gas Studies


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Aker Solutions, Baker Hughes to Cooperate on Early-Phase Oil, Gas Studies

Business

Category: Energy

Aker Solutions and Baker Hughes have agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments.

Aker Solutions’ Front End Spectrum unit and Baker Hughes’ Reservoir Development Services group will provide customers with development concept studies that address the entire value chain—from reservoir understanding and well design to subsea and topsides facilities, including flow assurance and risk management. Each company has expertise from the full spectrum of field development. Initial customer studies are already under way.

“Our ability to maximize value is greatest when we can enter a project early at the appraisal and feasibility stages and evaluate the potential of a field’s total development instead of parts of it,” said Henning Østvig, head of Front End Spectrum at Aker Solutions. “This greatly increases our success in finding solutions that improve the overall economics and value of a development by optimizing capital expenditure and production.”

“While we always want to find the best solutions for our customers, the current market environment gives us an added sense of urgency,” said Scott Reeves, president of Reservoir Development Services at Baker Hughes. “No tool is more powerful than an early, integrated approach to field design. This helps ensure that all parts of a project are designed to work together throughout the life of the field.”

Source: World Oil

Published: July 2, 2022