Well Services to Help Saudi Aramco Operate its Fields Well
While you might think pumping oil from a well is as simple as digging a hole and watching the oil flow out, the reality is much more complex. In fact, the way you manage your fields can determine just how productive they will be.
To help Saudi Aramco, the world’s largest energy company, optimize production in new and existing wells across all conventional fields in Saudi Arabia, Baker Hughes, a GE company (BHGE), has been awarded a major stimulation and well-testing contract expected to begin in December.
The work is expected to create more than 200 new engineering, field services and project management jobs, and indirectly support an additional 300 existing jobs, reflecting BHGE’s ongoing commitment to support Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.
The contract is part of Saudi Aramco integration efforts across conventional fields in Saudi Arabia and will help the energy company maintain capacity and meet domestic and global demand.
BHGE will deliver a comprehensive well services solution, including project management, cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services. The three-year contract includes the option of two one-year extensions.
“We are committed to bringing advanced technology and service solutions that will help deliver significant levels of upstream productivity and support Saudi Arabia’s strategy to increase gas production for both local consumption and export,” said Lorenzo Simonelli, Chairman, President and CEO of BHGE.
Across more than 10 facilities in the Kingdom, BHGE’s 2,700 employees support the Kingdom’s energy sector. The company also has over 1,350 Saudi suppliers in its supply chain and has helped create more than 5,300 indirect jobs.
BHGE’s Saudi footprint includes an assembly, maintenance & overhaul workshop, a drill bits manufacturing facility that exports to over 40 countries; a completions and well intervention facility; a pressure control facility that is BHGE’s largest and one of the most advanced in the region — with the manufacturing done entirely in the Kingdom; the Dhahran Technology Center that has over 15 R&D projects and has filed over 30 patents; an artificial lift facility that partners with 120 local suppliers; a turbomachinery processes and services facility; and one of the first and largest chemical blending plants in the Kingdom.
Read more stories here about how BHGE helps Saudi Arabia and other countries in the Middle East, North Africa, Turkey and Pakistan region through its fullstream capabilities.