Xcite Energy’ fully owned subsidiary, Xcite Energy Resources, has entered into a Memorandum of Understanding (MOU) with Baker Hughes Limited (Baker Hughes), which sets out the principles for the provision of oil field services for the Bentley field and which are likely to include the supply of drilling and completion services, well engineering, electronic submersible pumps and reservoir engineering.

Baker Hughes will work with all the key stakeholders in a collaborative manner to develop innovative, field specific technical and commercial oil field services for Bentley, which maximise the economic recovery from the field and the economic return for all stakeholders.

Tags: Baker Hughes Incorporated, Xcite Energy