By: Franyi Sarmiento, Ph.D., Inspenet, August 2, 2022
Oil company Baker Hughes announced that it will acquire AccessESP, a provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and operator downtime.
AccessESP’s “ESP GoRigless ESP System” provides patented solutions that allow an electric submersible pump (ESP) to be deployed and retrieved with conventional light-duty intervention equipment (e.g., wireline, coiled tubing or well tractor) without the need for a drilling rig or production tubing from the well to be pulled. These technologies significantly reduce the cost and downtime between overhauls used in ESP replacement, which is increasingly important in remote and offshore areas.
“The combination of AccessESP’s alternative deployment technology with Baker Hughes’ world-class ESP capabilities creates a truly differentiated solution for our clients,” said Maria Claudia Borras, executive vice president of Oilfield Services at Baker Hughes. “This transaction reinforces Baker Hughes’ commitment to transforming our core business by focusing on leading, future-ready technologies that support growth opportunities and enhance our portfolio,” he added.
AccessESP’s innovative implementation system provides more efficient solutions compared to traditional methods. By reducing heavy intervention, operators can increase oil recovery, efficiency and profitability while reducing costs and managing resources more efficiently.
This PetroBanca portal material was edited for clarity, style and length.
Photo: AccesESP
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