Baker Hughes 2015 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2015 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 104

  • 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

4
• Drilling and Evaluation products and services consist of the following:
• Drill Bits - includes Tricone™, PDC or “diamond”, and Kymera™ hybrid drill bits used for performance
drilling, hole enlargement and coring.
• Drilling Services - includes conventional and rotary steerable systems used to drill wells directionally
and horizontally; measurement-while-drilling and logging-while-drilling systems used to perform
reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-
entry systems; coring drilling systems; and surface logging.
• Wireline Services - includes tools for both open hole and cased hole well logging used to gather data
to perform petrophysical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid
characterization; production logging; well integrity testing; pipe recovery; and seismic and microseismic
services.
• Drilling and Completion Fluids - includes emulsion and water-based drilling fluids systems; reservoir
drill-in fluids; and fluids environmental services.
• Completion and Production products and services consist of the following:
• Completion Systems - includes products and services used to control the flow of hydrocarbons within
a wellbore including sand control systems; liner hangers; wellbore isolation; expandable tubulars;
multilaterals; safety systems; packers and flow control; and tubing conveyed perforating.
• Wellbore Intervention - includes products and services used in existing wellbores to improve their
performance including thru-tubing fishing; thru-tubing inflatables; conventional fishing; casing exit
systems; production injection packers; remedial and stimulation tools; and wellbore cleanup.
• Intelligent Production Systems - includes products and services used to monitor and dynamically
control the production from individual wells or fields including production decisions services; chemical
injection services; well monitoring services; intelligent well systems; and artificial lift monitoring.
• Artificial Lift - includes electric submersible pump systems; progressing cavity pump systems; gas lift
systems; and surface horizontal pumping systems used to lift large volumes of oil and water when a
reservoir is no longer able to flow on its own.
• Upstream Chemicals - includes chemicals and chemical application systems to provide flow
assurance, integrity management and production management for upstream hydrocarbon production.
• Pressure Pumping - includes cementing, stimulation, including hydraulic fracturing, and coil tubing
services used in the completion of new oil and natural gas wells and in remedial work on existing wells,
both onshore and offshore. Hydraulic fracturing is the practice of pumping fluid through a wellbore at
pressures and rates sufficient to crack rock in the target formation, extend the cracks, and leave behind
a propping agent to keep the cracks open after pumping ceases. The purpose of the cracks is to
provide a pathway that allows for the passage of hydrocarbons from the rock to the wellbore, thus
improving the production of hydrocarbons to the surface.
We also provide dedicated project solutions to our customers through our Integrated Operations group.
Integrated Operations is focused on the execution of projects that have one or more of the following attributes:
project management, well site supervision, well construction, intervention, third party contractor management,
procurement and rig management. Contracts for this business unit tend to be longer in duration, often spanning
multiple years, and may include significant third party components to supplement the core products and services
provided by us. By partnering with Integrated Operations, our customers have access to a comprehensive business
solution that leverages our technical expertise, relationships with third party and rig providers, and our industry
leading technologies.
Additional information regarding our oilfield products and services can be found on the Company’s website at
www.bakerhughes.com. Our website also includes details of our hydraulic fracturing operations, including our
hydraulic fracturing chemical disclosure policy and support of the online national hydraulic fracturing chemical
registry at www.fracfocus.org, and information on our SmartCare™ qualified systems and products, which are
intended to maximize performance while minimizing our impact on the community and environment.
Industrial Services
Industrial Services consists primarily of our downstream chemicals, and process and pipeline services
businesses. Downstream chemicals provides products and services that help to increase refinery production, as