Baker Hughes 2013 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2013 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

Reinforcing Performance, Compliance, and Consistency
Anticipating more stringent regulatory and contrac-
tual requirements governing safety, performance,
and competency in the oilfi eld, Baker Hughes further
expanded its International Association of Drilling Con-
tractors- (IADC) accredited Competence Management
Program (CMP) in 2013. The CMP provides a platform
for human capital development across the enterprise
and is supported by the Baker Hughes Operating
System (BHOS), a digital document management
system that enables global consistency of policies,
processes, and procedures throughout the company.
Improving Shale Sustainability
North American shale reservoirs are abundant, often
over large areas, but they are not homogeneous.
Characteristics can vary considerably between reser-
voirs, wells, and even zones within wells. Compre-
hensive understanding of reservoir attributes, geome-
chanics, and stress regimes is necessary to effectively
exploit the “sweet spots” in the reservoir. As the only
service company with geoscience, hydraulic fractur-
ing, artifi cial lift services, and production chemicals
in its portfolio, Baker Hughes addresses shale play
challenges from a uniquely sustainable perspective.
Baker Hughes is leading the shift to natural gas
versus diesel fuel in hydraulic fracturing operations.
In 2013, Cabot Oil & Gas Corporation employed
our Rhino™ Bifuel pumps to hydraulically fracture
10 wells using a mixture of readily available fi eld
gas and diesel. Demonstrating peak effi ciency,
Baker Hughes completed all 10 wells in 28 days
while replacing 110,000 gallons of costly diesel fuel
with cleaner-burning natural gas from Cabot’s nearby
wells. The bifuel pumps also signi cantly lowered air
emissions and related health, safety, and environ-
mental (HSE) impact due to reduced truck traf c.
Using Baker Hughes SmartCare™ environmentally
responsible chemical components further enhanced
environmental protection.
Establishing New Benchmarks in Canada
For Canadian operators seeking to unlock heavy oil
reserves, Baker Hughes electrical submersible pumps
(ESP) are setting new benchmarks for reliability and
performance in steam-assisted gravity drainage
(SAGD) operations. These CENtigradeTM ESP systems
have exceeded customer run life targets, and should
generate millions of dollars going forward by
avoiding intervention costs and deferred production.
The Blue Dolphin is
the most capable
offshore stimulation
vessel in the Baker
Hughes Gulf of Mexi-
co fl eet and the fi rst in
the industry to provide
20,000-psi (138 MPa)
pressure pumping
capability. The vessel
recently completed
an ultra-deepwater
multizone fracturing
completion in a single
trip using the largest
volume of proppant
ever pumped into a
gulf well.
ProductionWaveTM Solution Forges New Pathways
Unconventional oil wells typically have a steep
decline curve and require artifi cial lift to maxi-
mize recovery. Rod-lift pumps are the traditional
method of boosting production in low-fl ow-rate
wells. Developed specifi cally for unconventional
wells, the new Baker Hughes
ProductionWave
solution integrates artifi cial lift, production
chemicals, sand screens, and remote real-time
monitoring technologies. With this solution,
operators will be able to increase production
rates, even in low-fl ow-rate wells.
We set a record in the Cascade fi eld by installing
the world’s fi rst intelligent well system with a
modifi ed multizone, single-trip completion
system in a water depth of 8,211 feet (2503 meters).“
Baker Hughes is
a leader in bifuel
hydraulic fracturing
technology with its
Rhino™ Bifuel pump
eets. The dual-fuel
pumps reduce the use
of diesel fuel by up to
70 percent and can
operate twice as long
as engines running
solely on diesel.
Safety is improved by
eliminating refueling
during pumping.
92013 Annual Report