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ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

BAKER HUGHES ACQUIRES RESERVOIR MODELING SOFTWARE DEVELOPER

Thursday, October 7th, 2010

JOA JewelSuite software provides a seismic-to-simulation reservoir
integration platform for all Baker Hughes technology offerings

HOUSTON, TX – October 7, 2010 – Baker Hughes (NYSE: BHI), announced today
that its subsidiary has acquired the remaining interest in oil & gas
reservoir modeling software developer JOA Oil & Gas BV, which owns and
develops software for technical, scientific, and exploration and
production applications. Baker Hughes Nederland Holdings acquired 40% of
JOA Oil & Gas in 2009.

JOA Oil & Gas is the developer of JewelSuite™ software, an integrated
reservoir modeling tool that uses patented 3-D gridding technology to
build accurate reservoir models for fields with complex geology. The
JewelSuite software platform also provides connectivity between the
generated models and reservoir simulators – a capability designed to
further improve overall simulation accuracy.

“With the acquisition of JOA, Baker Hughes’ Reservoir Development Services
(RDS) group can provide field development and geomodeling solutions for
the most complex development options and reservoirs,” notes John Harris,
president of Baker Hughes’ RDS group. “JewelSuite software has the
potential to become a leading reservoir integration platform for
technologies ranging from geosteering to modeling the performance of
inflow control devices.”

Gerard de Jager, founder of JOA Oil & Gas, says the global presence of
Baker Hughes may accelerate the growth of the JewelSuite software package.
“Baker Hughes recognizes the integration capabilities of the JewelSuite
seismic-to-simulation workflow. We look forward to joining the Baker
Hughes RDS group and to enhancing the application of the JewelSuite
software development kit by larger independents, international oil
companies and national oil companies.”

Source: www.bakerhughes.com

Baker Hughes Acquires Software Developer Meyer & Associates

Tuesday, September 21st, 2010

MFrac software strengthens Baker Hughes’ hydraulic fracturing simulation capabilities

HOUSTON, TX – Baker Hughes (NYSE: BHI) has acquired Meyer & Associates, a leading petroleum industry software developer. The acquisition strengthens Baker Hughes’ Reservoir Development Services (RDS) and positions Baker Hughes as a leading provider of hydraulic fracturing design and evaluation consulting.

Meyer & Associates’ MFrac software provides comprehensive design and evaluation simulations, containing a variety of options including three-dimensional fracture geometry and integrated acid fracturing solutions, for hydraulic fracturing, produced water and cuttings reinjection applications. Recently, Meyer & Associates added an innovative approach to simulation of hydraulic fracturing in shale gas plays to its suite of software products.

With the addition of Meyer & Associates software and expertise, Baker Hughes enhances its capabilities to design hydraulic fracturing simulation plans for unconventional gas, tight formations in the deepwater Gulf of Mexico and carbonates in the Middle East. The software also complements Baker Hughes’ geomechanical modeling capabilities. The RDS software development team will work with Meyer & Associates to integrate MFrac with existing geomechanical and geomodeling software capabilities to create an even more attractive software solution for customers.

In addition, the MFrac software will allow the Baker Hughes RDS group to expand the consulting and training business in hydraulic fracturing design and evaluation. The MFrac software will be rolled out within RDS in conjunction with a client training program on hydraulic fracturing design and the application of MFrac.

“Integrating hydraulic fracturing design and interpretation with advanced geomechanical models will substantially improve operators’ capabilities to optimize hydrocarbon recoveries and profitability,” notes John Harris, president of Baker Hughes’ Reservoir Development Services. “With this acquisition, we believe our reservoir and development consulting capabilities for low-permeability and unconventional reservoirs can now integrate the full range of field optimization services, including geomechanics, microseismic, multistage hydraulic fracturing, formation evaluation in shales, and pressure pumping.”

Baker Hughes Highlights Reservoir-Driven Solutions

Monday, September 20th, 2010

HOUSTON, TX – Baker Hughes focuses on its expanding reservoir development services at the SPE Annual Technology Conference and Exhibition (SPE ATCE) 2010 in Florence, Italy, September 20 – 22.

The Baker Hughes Reservoir Development Services (RDS) team takes the guesswork out of well planning, drilling, and completions and production challenges. By leveraging its geomechanical expertise, such as managing wellbore stability, predicting pore pressure and determining in-situ stress, RDS helps operators minimize cost and optimize production throughout the life of their reservoirs.

Baker Hughes boasts one of the strongest and best-known reservoir technology and consulting teams in the oil industry. The company initially expanded its reservoir capabilities with the acquisition of international advisory firm Gaffney, Cline & Associates (GCA) and geomechanics software and training consultants GeoMechanics International in 2008. In 2009, Baker Hughes further grew its reservoir capabilities with the acquisition of two subsurface and wells consultancies, Helix RDS and Epic Consulting.

These four leading consultancies form the bedrock of the RDS business segment. The combination of these strong individual organizations into a world-class reservoir consultancy service positions Baker Hughes as a top-tier partner for oil companies throughout the asset life cycle, from the earliest phases of project development through enhanced oil recovery.

BJ Services, a Baker Hughes company, presents its Gallery of Solutions for field development and production enhancement challenges at the conference. Highlights include the company’s expertise in: environmental stewardship; tubular services; flow assurance; completion services; deepwater completions; zonal isolation; natural gas compression; production enhancement; and sand control.

Source www.bakerhughes.com

Baker Hughes Commercializes Reconnect System

Monday, September 20th, 2010

Technology restores control to vital safety systems

HOUSTON AND FLORENCE – Baker Hughes (NYSE: BHI) announced today the commercialization of its Reconnect™ technology, which quickly and reliably restores surface control to subsurface safety valves, eliminating the need for more expensive or less reliable options. The Reconnect system was developed by BJ Services, a Baker Hughes company.

Baker Hughes’ Reconnect system provides a highly effective alternative for re-establishing surface hydraulic control to surface-controlled subsurface safety valves (SCSSV) that are inoperable due to compromised control lines or if the installation of a storm choke is undesirable. This technology is also a viable option for wells that were not completed with SCSSVs. The system includes a wireline-retrievable safety valve, a through-tubing replacement control line that strings into the new valve assembly and a wellhead adapter. Installation requires only a minimal crew and equipment suitable for almost any platform or wellsite.

SCSSVs are designed to stop flow in the event of a catastrophic failure. They are installed in the production tubing and are mandatory in most offshore wells and some land wells. Primary SCSSVs are held open by hydraulic pressure from a control line that runs through the annulus to the surface. If pressure in the control line is lost, such as during an emergency shutdown or if the line is cut, the valve will close and revert to its fail-safe closed position, stopping flow from the well. Historically, the only ways to regain surface control were to install a storm choke, which can be unreliable, or perform a costly workover intervention.

The new Reconnect system, which is approved by regulatory agencies such as the U.S. Bureau of Ocean, Energy Management, Regulation and Enforcement (BOEMRE), does not require a workover rig and uses reliable, field-proven capillary and safety valve technology to rapidly restore an important safety barrier with the same complete surface control as was originally designed into the well. “Damage to the hydraulic system of a surface-controlled subsurface safety valve can compromise the operation of this critical safety and environmental protection system,” says Derek Mathieson, president of products and technology for Baker Hughes. “The Reconnect system provides reliable, fail-safe protection for personnel, the environment and our customers’ well assets.”

Case history – Gulf of Mexico: A mature well in the Gulf of Mexico developed a leak in the control line of its subsurface safety valve. Injecting sealants did not repair the leak. The operator considered installing a velocity valve, but the well was scheduled for a plug-and-abandonment operation for one zone and the perforation of a new zone. Adjusting and re-adjusting a velocity valve for the new zone was expected to be time-consuming and expensive because of the well’s remote location. Instead, the operator chose to install the Reconnect system to economically restore the well to normal operations.

The system was installed and tested to ensure compliance with U.S. BOEMRE regulations. The Reconnect system gives the operator the flexibility to vary the well’s production rate without the intervention required to pull the velocity valve and adjust the differential pressure settings. In addition, the operator can perform mandatory testing of the downhole safety valve without the added cost of a lift boat previously required due to the small platform’s limited crane capacity and deck space.



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