Aker Solutions and Baker Hughes agreed today to co-operate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments.
Aker’s 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.
Initial customer studies are already under way.
Henning Ostvig, head of front-end spectrum at Aker, 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.”
Scott Reeves, president of reservoir development services at Baker Hughes, said: “While we always want to find the best solutions for our customers, the current market environment gives us an added sense of urgency
“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 new agreement comes after Aker and Baker Hughes last year formed the Subsea Production Alliance to develop solutions that will boost output, increase recovery rates and reduce costs for subsea fields.
The 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.
Aker’s front end spectrum unit provides expertise in subsea and topsides systems, life-of-field production management and flow assurance.
Baker Hughes’ reservoir development services group uses its subsurface expertise to improve reservoir understanding and determine efficient methods to capture a field’s full potential.
The two businesses have offices in Houston, Oslo, London, Aberdeen, Kuala Lumpur, Perth, Dubai, Abu Dhabi and Moscow.
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