Baker Hughes completes JOA acquisition

Baker Hughes Nederland Holdings has acquired the remaining interest in oil and gas reservoir modeling software developer JOA Oil & Gas BV.

Offshore staff

HOUSTON – Baker Hughes Nederland Holdings has acquired the remaining interest in oil and gas reservoir modeling software developer JOA Oil & Gas BV. Baker Hughes acquired 40% of JOA last year.

JOA is the JewelSuite software developer. That program is an integrated modeling tool that uses 3D gridding to build reservoir models for fields with complex geology. It also connects generated models and reservoir simulators.

“With the acquisition of JOA, Baker Hughes’ Reservoir Development Services (RDS) group can provide field development and geomodeling solutions for the most complex development options and reservoirs,” notes John Harris, president of Baker Hughes’ RDS group.

10/07/2010

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