Baker Hughes has recently announced the launch of a global network of Mature Assets Solutions hubs. The goal of this network is to assist operators of aging fields in increasing productivity and optimizing production in oil and gas fields. According to forecasts, mature fields will account for about 80 percent of global oil and gas production by 2030.
Details of the Global Hubs
This network includes collaboration centers with customers in the United States, Brazil, Norway, Angola, the Middle East, and Malaysia. At each hub, operators can collaborate with Baker Hughes specialists in subsurface, well, surface facilities, and artificial intelligence to develop solutions for extending asset life, improving production efficiency, and supporting the retirement or repurposing of wells. Baker Hughes has stated that this connected network allows teams to transfer experiences from one basin to the challenges of other basins.
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Current Projects in Mature Fields
Baker Hughes has highlighted several ongoing projects in mature fields. In Pakistan, the company has recently launched a multi-year project with the Oil and Gas Development Company (OGDCL) aimed at optimizing production and recovery in over 120 wells. In Kuwait, Baker Hughes is conducting a polymer integrated testing with Kuwait Oil Company in 11 wells. Additionally, in Brazil, the company is collaborating with Petrobras on a joint project and well abandonment, where Baker Hughes successfully reduced underwater abandonment time to under 20 days in the first year, which is among the fastest times in Petrobras's history.
Given the increasing challenges operators face, Baker Hughes has emphasized the urgent need for innovative solutions to manage existing assets. By launching mature assets hubs, the company aims to combine regional and global expertise with customer insights to deliver outcome-based solutions that optimize value throughout the lifecycle of these assets.
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