The contract is valued at $1.1 billion over a period of 5 years.
The contract will provide integrated coiled-tubing drilling services to DPE for its oil and gas operations in the UAE.
The services will include drilling, completion, and production operations using coiled-tubing technology.
Benefits of Coiled-Tubing Drilling Technology
Coiled-tubing drilling technology offers several benefits over traditional drilling methods. Some of the key advantages include:
Increased efficiency: Coiled-tubing drilling allows for faster drilling rates and reduced drilling times.
Improved safety: Coiled-tubing drilling reduces the risk of blowouts and other safety hazards associated with traditional drilling methods.
Enhanced environmental sustainability: Coiled-tubing drilling requires less equipment and personnel, resulting in lower environmental impact.
Baker Hughes’ Expertise in Coiled-Tubing Drilling
Baker Hughes is a leading provider of coiled-tubing drilling services, with extensive experience in the oil and gas industry.
Key Components of the Project
The project involves several key components, including:
Integration of under-balanced drilling technology
Utilization of the CoilTrak system
Enhanced drilling performance
Increased efficiency
Reduced costs
Benefits of the Project
The project offers several benefits, including:
Improved drilling performance
Increased efficiency
Reduced costs
Enhanced safety
Better decision-making
Technical Details
The project utilizes the CoilTrak system, which is a proprietary technology developed by Baker Hughes. The system provides real-time monitoring and control of the drilling process, allowing for more precise control over the drilling parameters.
