Africa In Focus

Africa In Focus: "The mainstream thinking now is that Africa is different and we could get it right if we want. The choice is fully ours, and it is now time for us to define what we want."

African Development Bank (AFDB) President, Dr. Donald Kaberuka.

Thursday, 6 June 2013

Bakers Hughes To Unveil New Cost-Cutting Technologies For Oil Field Service Contracts



Top-tier oil field service company, Bakers Hughes Nigeria, has launched series of technological solutions  that will reduce costs of oil field service contracts and ensure shorter scheduling time for oil and gas production into the Nigerian market.

According to the company’s Manager in charge of National Content, Government Relations and Business Development, Charlotte Essiet –Oduah, the company’s series of technologies, which would be showcased later this month in Lagos, would also provide oil industry operators with accuracy of reservoir, logging and data acquisition results.

This, she said is to integrate the company’s service to ensure that the company was responsible for every operation from reservoir to production in order to help clients reduce costs and scheduling time for oil and gas production. To this end, the company would be able to offer a one-stop integrated service to the oil and gas industry.

“When you have various contractors, who are doing all these for you, it becomes very expensive and that is the truth. But if you have one contractor, who is doing all of these for you, one of the major advantages that you will get from these integrated services that we are proposing is discount. I cannot categorically tell you how much discount we will offer you but the operators who are currently speaking to us for integrated services understand what I am talking about – companies like Sheba Petroleum, Seplat and Midwestern Oil,” she explained.

She identified cost/time reduction and accuracy of results as the major advantages of the technologies.

“We have real time information; you will have shorter scheduling time for your production, which is very important. Every time you spend in the oil field is money. So, we have reduced that time for you. For me, those are the major advantages – time and cost reduction and accuracy of results, including reservoir results, logging results and data acquisition results,” she said.
 


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