Baker Hughes GE and W&T Offshore team up on Gulf of Mexico drilling projects

Oilfield services firm Baker Hughes, a GE Company (BHGE), has entered into a strategic partnership with oil company W&T Offshore for some drilling projects in the US Gulf of Mexico.

Both firms are based in Houston, Texas. Their partnership will cover part of a joint exploration and development (E&D) programme that W&T has going with a group of investors and which includes the drilling of 14 wells over a three-year period.

BHGE will provide integrated oilfield services, equipment and expertise to reduce projects costs and speed up time to first production.

W&T’s joint E&D agreement with investors was announced in mid-March and covers W&T-held leases.

An initial capital investment of $230.5m has been agreed by the investor group and W&T, enough to cover costs of drilling, completion and tie-in of several of the wells.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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