Baker Hughes to Acquire Well Specialist Altus Intervention

The acquisition Altus Intervention complements Baker Hughes’ existing portfolio of oilfield technologies and integrated solutions by enhancing the company’s life-of-well capabilities as operators look to improve efficiencies from mature fields according to a release.

Hart Energy Staff
Baker Hughes to Acquire Well Specialist Altus Intervention

Altus Intervention employs 1,200 employees globally, operating across four regions: U.K. and West Africa; Norway and Denmark; Americas; and Middle East and Asia Pacific. (Source: Altus Intervention)

Baker Hughes agreed on March 21 to acquire Altus Intervention, a leading international provider of well intervention services and downhole oil and gas technology with 40 years of industry experience.

Headquartered in Norway and employing 1,200 people globally, Altus Intervention specializes in fully integrated well intervention solutions, including proprietary technology. Historically focused in the North Sea, the company today operates in 11 countries that include the Deepwater Gulf of Mexico, North American shale plays, the Middle East and offshore Malaysia, according to its website.

“The addition of Altus Intervention supports our strategy to transform core oil and gas operations by enhancing technological capabilities and providing customers with higher-efficiency solutions,” Maria Claudia Borras, executive vice president of oilfield services at Baker Hughes, commented in a company release.

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