Baker Hughes Incorporated operates in the oilfield services industry. The company is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. It also provides industrial products and services to the downstream chemicals, and process and pipeline services. The company operates in approximately 80 countries. The company’s oilfield operations are organized into various geo market organizations, which include North America, Latin America, Europe/Africa/Russia Caspian, and the Middle East/the Asia Pacific. Products and Services Oilfield Operations The company offers a suite of products and services to its customers worldwide. Its oilfield products and services fall into one of two categories, drilling and evaluation or completion and production. The company’s drilling and evaluation products and services consist of the following: Drill Bits: Includes Tricone, PDC or ‘diamond’, and Kymera hybrid drill bits used for performance drilling, hole enlargement and coring. Drilling Services: Includes conventional and rotary steerable systems used to drill wells directionally and horizontally; measurement-while-drilling and logging-while-drilling systems used to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; and surface logging. Wireline Services: Includes tools for both open hole and cased hole well logging used to gather data to perform petrophysical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery; and seismic and microseismic services. Drilling and Completion Fluids: Includes emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services. The Completion and Production group consists of various products and services. Completion Systems: Includes products and services used to control the flow of hydrocarbons within a wellbore, including sand control systems; liner hangers; wellbore isolation; expandable tubulars; multilaterals; safety systems; packers and flow control; and tubing conveyed perforating. Wellbore Intervention: Includes products and services used in existing wellbores to improve their performance, including thru-tubing fishing; thru-tubing inflatables; conventional fishing; casing exit systems; production injection packers; remedial and stimulation tools; and wellbore cleanup. Intelligent Production Systems: Includes products and services used to monitor and dynamically control the production from individual wells or fields including production decisions services; chemical injection services; well monitoring services; intelligent well systems; and artificial lift monitoring. Artificial Lift: Includes electric submersible pump systems; progressing cavity pump systems; gas lift systems; and surface horizontal pumping systems used to lift large volumes of oil and water when a reservoir is no longer able to flow on its own. Upstream Chemicals: Includes chemicals and chemical application systems to provide flow assurance, integrity management and production management for upstream hydrocarbon production. Pressure Pumping: Includes cementing, stimulation, including hydraulic fracturing, and coil tubing services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore. The company also provides project solutions to its customers through its Integrated Operations group. The company is focused on the execution of projects that have the following attributes: project management, well site supervision, well construction, intervention, third party contractor management, procurement and rig management. The company’s Website includes details of its hydraulic fracturing operations, including its hydraulic fracturing chemical disclosure policy and support of the online national hydraulic fracturing chemical registry at www.fracfocus.org, and information on its SmartCare qualified systems and products. Industrial Services Industrial Services consists primarily of the company’s downstream chemicals, and process and pipeline services businesses. Downstream chemicals provide products and services that help to increase refinery production, as well as improve plant safety and equipment reliability. Marketing The company markets its products and services within its four geographic regions on a product line basis primarily through its own sales organizations. The company provides technical and advisory services to assist in its customers’ use of its products and services. Customers The company’s customers include the large integrated major and super-major oil and natural gas companies; U.S. and international independent oil and natural gas companies; and the national or state-owned oil companies. Seasonality Many of the company’s international oilfield customers increase orders for certain products and services in the fourth quarter (year ended Dcember 31, 2015). Its Industrial Services segment typically experiences lower sales during the first and fourth quarters of the year due to the Northern Hemisphere winter. Competition The company’s primary competitors include the major diversified oilfield service companies, such as Schlumberger, Halliburton and Weatherford International. It also competes with other companies, such as National Oilwell Varco, Ecolab, Newpark Resources and FTS International. History Baker Hughes Incorporated was founded in 1972.
baker hughes inc
(BHI:New York Consolidated)
2929 Allen Parkway
Houston, TX 77019
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