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 geomarket organizations, which are as follows: North America, Latin America, Europe/Africa/Russia Caspian, and the Middle East/the Asia Pacific. Products and Services Oilfield Operations The company’s drilling and evaluation products and services consist of the following: Drill Bits: It includes Tricone, PDC or ‘diamond’, and Kymera hybrid drill bits used for performance drilling, hole enlargement and coring. Drilling Services: It 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: It 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: It includes emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services. The Completion and Production group consists of the following products and services: Completion Systems: It 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: It 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: It includes products and services used to monitor and 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: It 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: It includes chemicals and chemical application systems to provide flow assurance, integrity management, and production management for upstream hydrocarbon production. Pressure Pumping: It 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 customers through 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. Industrial Services Industrial Services consists primarily of 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. Process and pipeline services works to improve efficiency and reduce downtime with inspection, pre-commissioning and commissioning of new and existing pipeline systems and process plants. 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. Research and Development The company’s products and technology organization engages in research and development activities directed primarily toward the development of new products, processes and services, the improvement of existing products and services and the design of specialized products to meet specific customer needs. The company has technology centers located in the U.S. (Houston, Texas and surrounding areas and one in Claremore, Oklahoma), Germany (Celle), Russia (Novosibirsk), and Saudi Arabia (Dhahran). Seasonality Seasonal events which impact the company’s business include the following: The severity and duration of both the summer and the winter in North America could have a significant impact on activity levels. In Canada, the timing and duration of the spring thaw directly affects activity levels, which reach seasonal lows during the second quarter and build through the third and fourth quarters to a seasonal high in the first quarter. Severe weather during the winter months results in reduced activity levels in the North Sea and Russia in the first quarter. Scheduled repair and maintenance of offshore facilities in the North Sea could reduce activity in the second and third quarters. Many of the company’s international oilfield customers increase orders for certain products and services in the fourth quarter. The Industrial Services segment 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. History Baker Hughes Incorporated was founded in 1972.
baker hughes inc (BHI:New York)
2929 Allen Parkway
Houston, TX 77019
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