Agreement

Norwegian company Aker Solutions and US-based oilfield services provider Baker Hughes have agreed to partner to help customers understand the entire value chain, including reservoir insight, well design, and subsea and topsides facilities.

As part of the early phase studies, Aker Solutions’ front-end spectrum unit and Baker Hughes’ reservoir development services group will help customers improve the value of oil and gas field developments.

The value chain would also include flow assurance and risk management.

Aker Solutions front-end spectrum head Henning Østvig said: "Our ability to maximise 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.

"This greatly increases our success in finding solutions that improve the overall economics and value of a development by optimising capital expenditure and production."

In 2014, Aker Solutions and Baker Hughes aimed at developing solutions to boost output, increase recovery rates and reduce costs at subsea fields by forming the subsea production alliance.

"No tool is more powerful than an early, integrated approach to field design."

Using Aker Solutions’ capabilities in subsea production and processing, the alliance will also focus on Baker Hughes’ experience in well completions, as well as artificial-lift technology to deliver in-well and subsea systems solutions.

Baker Hughes Reservoir Development Services president Scott Reeves said: "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."

The front-end spectrum unit of Aker Solutions provides expertise in subsea and topsides systems, while Baker Hughes’ reservoir development services group will improve reservoir understanding by using its subsurface expertise.


Image: Aker Solutions and Baker Hughes agree to form partnership. Photo: courtesy of Aker Solutions.