Baker Hughes 2013 Annual Report Download - page 17

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Latin America
Operators in Mexico are beginning to
award full-fi eld management contracts
for mature fi elds to qualifi ed service
providers such as Baker Hughes, who can
provide resources and know-how to help
accelerate production, add to the reserve
base, and generate more revenues.
The Soledad project represents our fi rst long-term,
full-fi eld management project in Mexico. The Soledad
fi eld management program will include optimizing
production from existing oil-producing horizons as
well as exploring for new production opportunities.
For service companies like Baker Hughes, which
historically have been contracted to construct and
produce wells, managing an entire fi eld—including
facilities and environmental and community steward-
ship—presents exciting new opportunities, but also
requires the skills and courage to take on responsibil-
ities previously reserved for asset owners.
Collaborating to Innovate in the Andean Foothills
The Andean foothills in Colombia contain some of
the world’s most diffi cult onshore wells, with depths,
deviations, and formation complexities that can push
the boundaries of equipment, consume rig time, and
elevate project costs. In 2013, Baker Hughes was
awarded multiple contracts to provide well construc-
tion services for a major development campaign in
the region.
Traditional well operations typically follow a sequential
pattern in which the drilling team focuses on getting
the well to total depth as fast as possible before
handing it off to the completion and production
team. Baker Hughes and the operator are addressing
the interlinked challenges in the Andean foothills
wells with a holistic approach in which all disciplines
are collaborating to meet each other’s technical
needs and challenges. Following this approach,
the integrated, multidiscipline teams are working
together to defi ne each problem; determine its
impact, causes, and best solutions; and feed fi ndings
into a learning loop for continuous improvement
going forward. This approach will signifi cantly cut
well construction time and cost from wells that, in
some cases, currently cost up to USD 100 million and
require almost a year to drill and complete.
In so doing, this hydrocarbon-rich area can become a
signifi cantly more valuable target for development.
Achieving break
through performance
in drilling and
completing the deep,
deviated, geologically
complex wells of the
Andean foothills will
require innovative
well designs and a
collaborative, holistic
approach—a perfect
fi t for Baker Hughes’
portfolio of technologies
and services.
Innovative Results
12 Baker Hughes Incorporated