HOUSTON – Baker Hughes has made the commercial release of its DeclineShift mature asset solution. DeclineShift is designed to help operators maximize capital efficiency and extend profitable production from older oil and gas investments.
DeclineShift both boosts recovery and lowers operating costs through a combination of detailed analysis of the asset and fit-for-purpose technology applications, said Baker Hughes.
The foundation of the DeclineShift includes an examination of the areas that can have the greatest positive impact on the asset’s overall economics with a focus on three primary areas: optimizing hydrocarbon flow from existing wells; maximizing production revenues; and increasing economically recoverable resources.
Then, based on the operator’s economic objectives, Baker Hughes customizes a solution for the asset. Each solution begins with the development of an accurate asset profile and applies only the technologies that enhance the asset.
A detailed operational plan is developed to minimize deployment time and production disruptions—helping to accelerate payback and grow the present value of the operator’s cash flow.
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