Baker Hughes 2013 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 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

Europe / Africa / Russia Caspian
Our growth in 2013 was largely driven
by Eastern Hemisphere operations,
particularly in areas where we are
building critical mass in key markets—
including Africa and Russia Caspian. And
contracts underway and newly secured in
the North Sea bolster our position in this
important market.
Capital investment in the United Kingdom sector of
the North Sea is at its highest level since the mid-
1970s and is expected to continue at high levels for
the near term. Similarly, a record number of fi elds
are currently in operation on the Norwegian shelf,
and 20 new discoveries were made in 2013. Baker
Hughes has contributed to North Sea development
since its inception, and our technological leadership
here continues to grow.
Today, based on strong client relationships and tech-
nology, Baker Hughes is a leading provider of drilling
services in the North Sea. Contributing to this ac-
complishment was the Baker Hughes Troll task force,
whose work has enabled rates of penetration (ROP)
in the Troll fi eld to double since 2007 to dramatically
increase reservoir exposure at a reduced cost. In
2013, we helped increase reservoir exposure from
each wellhead in the fi eld to a record-breaking
370,735 feet (113 000 meters).
We also secured the North Sea completions lead-
ership position with the award of a major contract
to provide cased-hole and IWS to improve well
construction effi ciency and contribute to long-term
reservoir solutions in the majority of Statoil’s North
Sea fi elds.
Aiding Field Development in the United Kingdom
In the British sector, two complementary fl uid analy-
sis services—our wireline-based RCX™ Sentinel ser-
vice, and our FASTrak™ logging-while-drilling (LWD)
fl uid analysis and sampling service—are aiding fi eld
development decision making and operational effi -
ciency. The
RCX
service provides more accurate fl uid
analysis in one-quarter the time required by previ-
ous-generation sampling devices. The
FASTrak
service
can capture and recover up to 16 fl uid samples and
collect an unlimited number of pressure and fl uid
analysis tests in real time to provide environmental,
economic, time-saving, and data quality benefi ts over
traditional methods of reservoir characterization.
Major Advances for Russia Caspian
Challenges to oil and gas development in Russia
include not only downhole operations, but also
remote locations and harsh climates. In 2013,
Baker Hughes played a signifi cant role in two major
Russian development projects.
In the fi rst-ever Russian offshore Arctic development
project, Baker Hughes helped the operator overcome
numerous challenges to begin production from the
Baker Hughes holds
leadership positions
in both drilling and
completions in the
North Sea, as a result
of signifi cant market
share gains in 2013.
Innovative Results
Photo courtesy of: Øyvind Hagen - Statoil ASA
16 Baker Hughes Incorporated