Baker Hughes is betting that the next stretch of oilfield services work sits in old fields, not new ones. On Tuesday the company announced a global Mature Assets Solutions (MAS) hub network, built around the forecast that mature fields will account for approximately 80% of global oil and gas production by 2030. Baker Hughes attributes that figure to industry forecasts that combine public and proprietary data.

Where the hubs are

The network includes customer collaboration centers in the U.S., Brazil, Norway, Angola, major energy hubs in the Middle East, and Malaysia. Baker Hughes says the hubs are connected, so expertise, technology and approaches developed in one basin can be applied to a customer's problem in another.

What a hub does

Each MAS hub is a central location where customers work with Baker Hughes experts in subsurface, wellbore, surface facilities and artificial intelligence. The aim is integrated solutions that fit the customer's operational and economic objectives. The company describes the offering as tailored technology and digital solutions that extend asset life, enhance production efficiency, and create responsible, economic options for retiring and repurposing oil and gas wells.

Amerino Gatti, Baker Hughes Executive Vice President of Oilfield Services & Equipment, said operators are turning to existing assets to drive production and that increasingly complex challenges call for new solutions. He said the hubs link the company's regional and global expertise with customer insights to deliver outcome-based solutions across the asset lifecycle.

Projects already under way

Baker Hughes pointed to three existing mature-field jobs:

  • Pakistan: a multi-year MAS project with Oil & Gas Development Company, aimed at optimizing production and recovery across more than 120 wells in mature oil and gas fields.
  • Kuwait: work with Kuwait Oil Company on an integrated polymer-flood pilot program across 11 wells, aimed at optimizing recovery.
  • Brazil: an integrated workover and well abandonment project with Petrobras. In the first year, Baker Hughes delivered subsea well abandonment times of less than 20 days, which the company describes as some of the fastest in Petrobras' history.

The announcement was made at ADIPEC, held this week in Abu Dhabi.