Baker Hughes/GE merger to lower cost of oil, petroleum product production in Nigeria

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The Chief Executive Officer, sub-Saharan Africa, Bakers Hughes, a GE Company (BHGE), Mr. Ado Oseragbaje has stated that the merger of Bakers Hughes and GE Oil and Gas would provide the technology, equipment, services and digital solutions which would reduce the cost of production across the entire spectrum of oil and gas development in Nigeria, The Guardian reports.

Oseragbaje also disclosed that BHGE would help its customers acquire, transport and refine hydrocarbons more efficiently, productively and safely, with a smaller environmental footprint and at lower cost per barrel. He explained that applying digital and advanced technologies to oil and gas could bring approximately five per cent productivity improvements across the entire industry.

“BHGE will use cloud-based software, advanced manufacturing and brilliant factory solutions to help its customers capture some of this opportunity—reducing risk and improving productivity in their operations as well as its own,” he said.

“With the technology, you can increase production as we as reduce cost. Many oil and gas companies have started diversifying into refineries due to the low oil prices. We are also able to assist those who are trying to diversify into refineries,” he added.