Baker Hughes CEO Says New Tech Can Release 16 Billion More Oil Barrels

The video features an interview with Lorenzo Simonelli, CEO of Baker Hughes, discussing the company's strong performance and technological advancements in oil recovery. Simonelli highlights the potential of new technologies like Subsea Connect to enhance oil recovery rates, particularly in regions like the North Sea and Middle East. The discussion also covers the balance between brownfield and greenfield projects, the impact of new technologies on global oil supply, and exploration opportunities in underexplored regions such as Alaska and the Arctic.

What challenges are associated with determining the recovery rates from different reservoirs?

Which areas are identified as having exploration opportunities that were previously overlooked?