Aker Solutions and Baker Hughes are teaming up for their second alliance together for early-phase studies that will provide improvements to the overall economics and value of oil and gas field developments.
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Image from Aker. |
The duo will utilize Aker’s Front End Spectrum unit and Baker Hughes' Reservoir Development Services group to provide development concept studies that cover the full spectrum of field development. The studies will cover reservoir understanding; well design; subsea and topsides facilities, including flow assurance; and risk management.
The alliance already has initial customer studies underway.
Aker’s Front End Spectrum unit will provide its expertise in subsea and topsides systems, life-of-field production management and flow assurance.
Baker Hughes' Reservoir Development Services group will use its subsurface expertise to improve reservoir understanding and determine efficient methods to capture a field's full potential.
Aker’s unit and Baker Hughes’ group both have independent offices in Houston, Oslo, London, Aberdeen, Kuala Lumpur, Perth, Dubai, Abu Dhabi and Moscow.
"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 Aker Front End Spectrum. "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, Baker Hughes president of Reservoir Development Services. "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."
In 2014, Aker and Baker Hughes’ subsea production alliance received regulatory approvals. The subsea alliance was created to develop technology for production solutions designed to boost output, increase recovery rates, and reduce costs at subsea fields, in addition to advancing the industry’s well intervention capabilities to further optimize efficiency and reduce risks in subsea developments.
The non-incorporated, Houston-based alliance uses Aker’s capabilities in subsea production and processing and Baker Hughes' expertise in well completions and artificial-lift technology to deliver integrated in-well and subsea systems solutions.
The importance of cooperating during the early phase of a project was recognized quickly in the alliance, the two companies said.
Read more:
Subsea alliance sets out new technology
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