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Baker Hughes announced the commercial release of its DeclineShift mature asset solution, which helps operators maximize capital efficiency and extend profitable production from their older oil and gas investments. The DeclineShift solution boosts recovery and lowers operating costs rapidly and efficiently through a combination of detailed analysis of the asset and fit-for-purpose technology applications.
The foundation of the DeclineShift solution includes a close examination of the areas that can have the greatest positive impact on the asset's overall economics, whether individually or collectively. The process focuses on three primary areas to increase the value of an asset: optimizing hydrocarbon flow from existing wells, maximizing production revenues and increasing economically recoverable resources.
Keywords: Optimizing Hydrocarbon Flow, Oil & Gas Wells, Maximizing Production Revenues, Increasing Recoverable Resources, Oilfield, Automation, Mature Assets, ARC Advisory Group.