The Net Profit of the Oil Service “OFS Technology” Tripled in 2023
The company noted that positive dynamics were achieved due to several factors – increasing activity on current projects and implementing new projects. The net profit of the oil service company OFS Technologies (formerly Baker Hughes in Russia) grew to 6.4 billion rubles in 2023, the company reported. This is more …
Former Baker Hughes in Russia Wants to Produce Rotary Steerable Systems
The OFS Technologies oilfield service company (former Baker Hughes in Russia) plans to launch the production of rotary-steered systems in Russia in early 2025 – equipment that allows you to control the trajectory of the well, said David Gadzhimirzaev, president of the company. Among the main problems with oilfield equipment …