Baker Hughes Claims to Have Cut Millions of Dollars off Deepwater Fracking Costs

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Baker Hughes have built a new deepwater fracturing tool that it claims can save companies “hundreds of millions of dollars”.
The American-based oil service firm announced the new tool. DEEPFRAC. which eliminates certain steps of offshore fracturing operations and induces rapid stimulation of over 20 stages.
On a recent job in the Gulf of Mexico’s Lower Tertiary. DEEPFRAC saved an estimated 25 days of rig time and $40 million on its first ever 15-stage deepwater completion.
Jim Sessions. vice president of completions at Baker Hughes said: “Historically. operators who needed to stimulate their offshore wells were faced with complex completion operations that could take longer than a month and with costs approaching a hundred million dollars.
“By adapting some of the technologies and techniques that delivered game-changing efficiencies in unconventional land to an offshore service. we’ve enabled a new level of deepwater completion design flexibility and streamlined operations—all without compromising our commitment to safety and compliance.”