Baker Hughes Announces New Technologies
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Baker Hughes, Inc. (BHI)
3900-T Essex Lane, Suite 1200
Houston, TX, 77210
Press release date: March 9, 2011
HOUSTON -- Baker Hughes (NYSE: BHI) announced today the commercial launch of its GeoForm(TM) sand management system with shape memory polymer (SMP) technology. A completely new approach to sand control, the GeoForm system reliably conforms to the borehole in an openhole environment--radically reducing complexity versus traditional gravel pack systems, while improving efficiency, reducing rig time and mitigating risks associated with conventional techniques.
The company also announced the development of the FracPoint(TM) multi-stage fracturing system with innovative IN-Tallic(TM) disintegrating frac balls. IN-Tallic balls break new ground in material science with a light weight, high strength material incorporating Controlled Electrolytic Metallic (CEM) technology. This technology is based on an electrochemical reaction controlled by varying nanoscale coatings within the composite grain structure.
The latest generation of the AutoTrak(TM) rotary steerable system (RSS) was also announced. The system is designed for high build rates and the accurate drilling of long horizontal wells for unconventional shale plays.
"We developed the materials used for GeoForm and the In-Tallic balls while researching designer materials, and particularly how materials from other scientific disciplines can be applied or modified for hydrocarbon exploration and production," says Derek Mathieson, president of products and technology for Baker Hughes. "AutoTrak Curve is an exciting evolution of Baker Hughes' pioneering AutoTrak system and demonstrates the success of our rapid commercialization model."
Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Contact: Investor Relations: Gary R. Flaharty, +1.713.439.8039, email@example.com Media Relations: Kathy Shirley, +1.713.439.8135, firstname.lastname@example.org