New Owner of Baker Hughes’ Russian Assets Raises Well Inventory

OFS Technologies, the company created after buying out the assets of Baker Hughes in Russia in 2022, is currently working to boost its inventory of wells to lay the foundations for Russia to increase its oil production when needed, the firm’s chief executive officer David Gadzhimirzaev told Russian news agency Interfax in an interview on Tuesday.   Russia is actively working to raise the number of oil wells to be ready to boost production when the time and conditions are right, the executive told Interfax on the sidelines of an energy…