Tag Archives: Baker Hughes

Baker Hughes wins contracts from Vår Energi for work offshore Norway

Baker Hughes announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.

The first contract, a nine-year engagement, is a testament to Baker Hughes’ heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023.

In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to help Vår Energi further develop their prospects in the Norwegian Continental Shelf. The agreement enables a seamless integration of Baker Hughes’ market-leading technologies into the wider operations of Vår Energi, enabling a powerful impact to their carbon reduction efforts.

The second contract with Vår Energi is to deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field.

This agreement spans 15 years, signifying a trusted long-term Future Agreement (FA) in one of Vår Energi’s core focus areas, the Balder field. The contract includes the support for existing Balder legacy wells and any future developments in the Balder area. This pivotal engagement is anchored by Baker Hughes’ distinct Norway delivery model, a multimodal site in Dusavik, Stavanger, that ensures a forward-looking local future for Norway’s oil and gas industry.

“The two long-term contract awards from Vår Energi enable us to deploy our superior portfolio not only in well intervention, but also in exploration logging and subsea production. Combining our technology, our exceptional regional expertise, and our dedication to a world-class customer experience ensures successful outcomes for both companies,” said Maria Claudia Borras, Executive Vice President, Oilfield Services & Equipment at Baker Hughes.

Full Story HERE

World Oil: Neodrill and Baker Hughes complete industry’s first cut and recover operation in the Norwegian Sea

STAVANGER – Neodrill and Baker Hughes announced completion of the world’s first cut and recover operation for Wintershall Dea Norge in the Norwegian Sea. Rig time was reduced by an estimated 12 hours, with work to cut the surface casing moved off the critical path of the rig schedule.

The project enabled the rig to abandon the well site as soon as the cement plugs were in place. The surface casing was then cut from a vessel, using Baker Hughes’ new casing cutting tool. This optimized process removes the need for unnecessary, expensive rig time in the abandonment phase.

The new ‘cut and recover’ service will now be offered as part of Neodrill’s CAN-complete. The CAN-complete sees Neodrill offer a full service Engineering, Procurement, Construction and Installation (EPCI) solution to manage all aspects of a CAN installation, reducing the operator’s internal resource requirements and overheads. With the inclusion of cut and recover, the CAN-complete will now also reduce rig time in the abandonment phase by allowing the rig to leave the well site after setting the cement plugs.

Read entire article HERE.

World Oil: Defining the oilfield service sector’s role in meeting CO₂ goals

FLORENCE, ITALY – As operators worldwide set ambitious net-zero-emissions goals, oilfield service companies have an opportunity to both play a key role in meeting these targets, and take a leadership position in shaping the path of the coming energy transition.

“We are working on many fronts to practically reduce the carbon footprint of oil and gas, and we are learning how to better account for carbon as well,” said Chris Jones, Vice President, Europe Oilfield Services at Baker Hughes. The service company is following the lead of major operators like Repsol in establishing its own zero-emissions goals for the year 2050.

Understanding the full carbon signature of oil and gas operations is key – when there is a thorough understanding of where carbon is released throughout the exploration process, strategies can be implemented to proactively manage those releases.

Read entire article HERE.