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News // Oil and gas worldwide

American oil Baker Hughes moves forward in Russia with the acquisition of the Siberian based Oilpump Services

02 June 2010 , 09:48Upstream2745

 

 

US oilfield services giant Baker Hughes has strengthened its position in Russia's onshore play with the acquisition of Western Siberia-based Oilpump Services (OPS). OPS is the second largest electrical submersible pumping (ESP) system service company in Western Siberia. In a statement, Baker Hughes said that with the addition of OPS’ service bases, it now has complete geographic service coverage in the heart of the largest ESP population in the world and doubles its share of the Russian ESP market. Prior to the acquisition, Baker Hughes operated its ESP service business from a single base in Noyabrsk.

 

The acquisition adds three full-cycle bases in Nyagen, Nizhnevartovsk and Megion and four remote field service bases, with the capacity to service more than 10,000 ESP systems. Russia has the largest concentration of ESP systems globally with over 70,000 installations, representing 60% of the world’s ESP installations. OPS' service infrastructure will allow Baker Hughes to expand its operations to cover the full spectrum of the Russia ESP market from low-volume, benign applications to high-volume, technically challenging applications. Financial details were not made public.

 

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