**Maximizing Value from Mature Oil and Gas Fields: A Three-Essential Approach by Baker Hughes**
In the dynamic and ever-evolving oil and gas industry, optimizing production from mature fields is crucial to maintaining a sustainable and cost-effective energy supply. Baker Hughes, a leader in the field, has developed a comprehensive three-step strategy to maximize the value from these established assets. Here, we delve into the key elements of Baker Hughes’ approach and how it addresses the unique challenges associated with maintaining the productivity of mature oil and gas fields.
### Step 1: Asset Surveillance and Intervention
The first step in maximizing value from mature fields is enhancing asset surveillance and intervention. Accurate knowledge about the asset is essential to address potential issues promptly, ensuring that production and revenue targets are met. **asset surveillance** involves continuous monitoring of the well’s performance, identifying potential problems early on, and developing a comprehensive strategy to address them. For instance, Baker Hughes’ advanced diagnostics tools help operators understand the behavior of the reservoir and the wells, thereby allowing them to intervene effectively to maintain or increase reservoir pressure. The company’s **Leucipa™ automated field production solution** optimizes production by optimizing field operations automatically, ensuring that wells flow naturally and maintain sufficient pressure to push hydrocarbons up to the surface efficiently[1].
### Step 2: Water, Gas, and Sand Management
The second critical step is managing unwanted fluids and solids effectively. Unwanted fluids and solids can significantly increase costs, cause damage to subsurface and surface equipment, and curtail the lifetime of oil and gas assets. Baker Hughes’ innovative technologies such as **flare.IQ** play a significant role in controlling well emissions, thereby reducing the carbon intensity of each barrel produced. By integrating advanced technologies, Baker Hughes helps minimize methane emissions—either fugitive or flaring—originating from oil and gas operations. This approach not only enhances sustainability but also ensures that existing infrastructure is utilized efficiently while minimizing environmental impact[1].
### Step 3: Unlocking Bypassed Resources
Lastly, extracting maximal value from mature fields involves unlocking bypassed resources. Many mature oil and gas fields have untapped reserves that become inaccessible or economically unviable due to environmental or technical complexities. Baker Hughes’ customized solutions utilize advanced coiled tubing drilling and through-tubing rotary drilling tools to safely unlock these previously inaccessible reserves. The company also employs advanced logging interpretation and state-of-the-art perforating and completion services to maximize profitability and extend field life