Listen in as David Courrege describes the keys to getting maximum value from efficiency.
Are you getting maximum value from your hydrocarbon assets?
Are you delivering savings in one phase and then watching them erode in another?
If your savings are not creating real value, then you may want to think differently about efficiency.
Thinking Differently About Efficiency
Unlike other companies who think efficiency is only about one operation or job, we think about efficiency over the life of the well. And, how each aspect of bringing a well online impacts the next. Operations that show savings, but add cost, risk, or time somewhere else aren’t good enough in today’s environment. We know that operators need real efficiency gains that maximize the total value of their assets.
Stop eroding the value of your savings and start Maximizing Your Return on Efficiency.
Three Keys to Maximizing ROE
Perfect execution alone won’t get you the best results. It takes a combination of factors to deliver more energy, more quickly with less carbon and less cost.
Getting maximum value from efficiency comes down to three key things and Completions and Well Intervention (CWI) from Baker Hughes has them all:
- EXPERTISE – Experienced personnel who figure out the most efficient way to get the job done
- DESIGN - A broad technology portfolio with the latest, most efficient ways to complete or intervene in a well
- EXECUTION - Safe, predictable and consistent service delivery across the world
- Collaboration
- Technical knowledge
- Operational know-how
- Digital tools
- Product innovation
- Complete portfolio
- Remote operation
- Global asset footprint
- Standard execution model
- Supply chain and logistics
Measuring the Impact
How can you be sure that your return on efficiency is maximized?
It starts with using the three keys: Expertise, Design, and Execution.
You can measure their impact with simple calculations to assess that you’ve done the right things in the right way. The return on efficiency calculations provide a side-by-side comparison looking at the incremental investment and then evaluating the operating cost savings generated and the impact on production revenue. By calculating the Return on Incremental Investment (ROII) and Net Present Value (NPV), we can see how the solution maximizes return on efficiency. This shows the solution’s impact in maximizing the total value of the asset.
Let a completions and well intervention solutions expert from Baker Hughes review your project today to see how you can maximize your return on efficiency.
