Baker Hughes GE optimistic of future; focusing on increasing digital capabilities to cut cost

By Mohani Niza

Despite the market downturn of 2014 which saw the global oil price plummet, Baker Hughes Ge (BHGE) – one of the world’s largest oil field services companies- is optimistic that the industry will see more growth in the near future, its president for Asia Pacific Visal Leng said.

“We are generally optimistic in the industry. Things are picking up,” he told reporters at the sidelines of OTC Asia 2018 event in Malaysia recently, adding that he sees a slow but steady recovery particularly in Southeast Asia.

“The industry is a cyclical one – we expect to bounce back,” Leng said.

He added that his company has been implementing several measures to mitigate the rising materials cost, including focusing on full-stream capabilities and increasing digitalisation, both to create new value proposition.

“We believe in the role of digitalisation. We have been building digital capacities, such as using the cloud system to handle data,” he said.

Leng also said the digitalisation efforts have enabled workers to build new skills from hardware to software. For example, the company’s engineers have now learned how to code.

By increasing its digital capabilities, the company has also been able to make sure its operations are run on maximum efficiency.

At the media briefing, Leng also announced that BHGE is currently working with private Australian company Twinza Oil which is developing the first offshore field for Papua New Guinea, providing full-stream services from assessing reserves to drilling and building the gas processing plant.

(EOG)

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