Page 5: of Offshore Engineer Magazine (Dec/Jan 2014)

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Production efficiency pain & gain

North Sea production rates are an embarrassment, says one of the basin’s leading independent operators.

Elaine Maslin reports.

Photo from EnQuest.

Activity

What’s Trending

Halliburton to acquire Baker Hughes

The two oil ? eld services giants agreed to merge businesses

On deck in a deal worth US$34.6 billion in stock and cash. The com- • Hess hits at Tubular Bells bined company will retain the Halliburton • Total: Kashagan production to name and headquar- resume by 2017 ters will remain in • Initial phase FPSO plan for Sea Lion

Houston. The deal is • BP eyes major new Clair facilities expected to close by

Baker Hughes’ well stimulation 2H 2015.

Blue Shark vessel in Rio de Janeiro.

Photo of Tubular Bells’ spar FPSO from Hess.

Photo by Jean Mathiel.

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Time oedigital.com December 2014 | OE 7 007_OE1214_OEDigital.indd 7 11/21/14 8:36 AM