Baker Hughes Enhances Offshore Operations with New Award
Baker Hughes Awarded Agreement to Optimize Offshore Abandonment
Baker Hughes has received an exciting agreement to enhance the plug and abandonment (P&A) operations for Equinor in the North Sea, specifically in the Oseberg East area. This agreement is based on the company’s impressive Mature Assets Solutions portfolio, which has been a cornerstone in revolutionizing offshore operations.
Improving Efficiency with Integrated Services
This groundbreaking agreement will empower Equinor to streamline its P&A operations through effective end-to-end integration. Baker Hughes is set to lead planning activities and undertake various integrated P&A services across multiple wells, marking a significant step forward in offshore energy technology.
Leveraging Expertise for Enhanced Performance
Baker Hughes prides itself on its extensive experience in integrated P&A projects, evidencing a strong record in enhancing efficiency and reducing operational costs. The team behind the Mature Assets Solutions is poised to manage all phases of the abandonment process, aiming to meet or exceed Equinor’s objectives efficiently.
New Standards for Well Abandonment
“Our experts have the tools necessary to manage every aspect of P&A while optimizing operations,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. This joint effort is expected to establish new benchmarks in well abandonment solutions, emphasizing technology, collaboration, and enhanced project management.
Establishing a Center of Excellence
To further support the project, Baker Hughes will establish a P&A Center of Excellence located in Bergen and Stavanger. This dedicated hub aims to centralize expertise and streamline project logistics, ensuring the implementation of the most efficient and reliable solutions for each well abandonment project.
Cutting-Edge Technologies Driving Success
The company’s well abandonment strategy is backed by innovative technologies such as PRIME Powered Mechanical Applications and the advanced MASTODON™ casing retrieval system. These sophisticated tools are designed to enhance the effectiveness of well abandonment, ensuring a smooth execution of the project in Oseberg East.
Looking Ahead: Project Timeline
As planning for the Oseberg East operations is already in progress, execution of the P&A activities is slated to commence in 2026. This timeline reflects Baker Hughes' commitment to delivering high-quality service while adhering to strict operational standards.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is a forward-thinking energy technology company that provides innovative solutions worldwide. With over a century of experience, the company operates in more than 120 countries, committed to advancing energy efficiency and sustainability for the future. Discover more about Baker Hughes by visiting bakerhughes.com.
Contact Information
For media inquiries, reach out to:
Media Relations
Brian Reynolds
+1 346-315-6663
brian.reynolds@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
Frequently Asked Questions
What is the significance of the agreement between Baker Hughes and Equinor?
The agreement allows Baker Hughes to implement advanced plug and abandonment operations, improving efficiency and project management on behalf of Equinor.
What technologies are included in Baker Hughes' P&A portfolio?
Baker Hughes utilizes innovative technologies such as PRIME Powered Mechanical Applications and the MASTODON™ casing retrieval system for efficient well abandonment processes.
When is the execution phase for this project scheduled to begin?
The execution of the plug and abandonment operations in the Oseberg East field is set to commence in 2026.
How does Baker Hughes' Center of Excellence support projects like this?
The Center of Excellence centralizes expertise and project management, ensuring effective and economical solutions for well abandonment activities.
What is Baker Hughes' role in advancing energy technology?
Baker Hughes focuses on providing innovative and efficient solutions to enhance energy processes for clients across the globe, emphasizing sustainability and safety.
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