Baker Hughes, CGGVeritas Announce Collaboration

Baker Hughes Incorporated BHI and CGGVeritas CGV announced today a collaborative relationship to improve shale reservoir exploration. Using reservoir models that integrate log-derived, near-wellbore geomechanical and petrophysical properties from Baker Hughes with calibrated seismic data from CGGVeritas, operators can optimize well placement and completion design earlier in the asset lifecycle for more efficient well construction and more productive wells. Baker Hughes brings a broad portfolio of oilfield expertise and services to the collaborative relationship, most notably its reservoir and production engineering team and its Center of Reservoir Excellence See full press release