Now more than ever, our customers in Europe, specifically the North Sea, are demanding technology and solutions to increase the productivity and efficiency of their operations, both to achieve their carbon reduction goals and to navigate the current macro environment.
As the global E&P industry recovers, growth is expected to happen. At Baker Hughes, we believe deepwater will lead the way. Greenfield and tiebacks are expected to pick up.
Baker Hughes is shoring up its position in Abu Dhabi, opening a new wellhead repair and maintenance facility in the country last week, while talking up its various positions in the region.