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BJ SERVICES COMPANY  (BJS)
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    Sector  Consumer Non Cyclical    Industry Legacy
 
 

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BJ SERVICES COMPANY Segments

 
USA, Mexico Pressure Pumping
   41.32 % of total Revenue
International Pressure Pumping
   30.47 % of total Revenue
Other Oilfield Services
   19.38 % of total Revenue
Canada Pressure Pumping
   8.84 % of total Revenue
 

Business Segments (Dec. 31, 2009)
Revenues
(in millions $)
I. Quarter
%
(of total Revenues)
(Dec. 31, 2009)
Income
(in millions $)
I. Quarter
%
(Profit Margin)
USA, Mexico Pressure Pumping
384.88 41.32 % -16.93 -
International Pressure Pumping
283.87 30.47 % 26.52 9.34 %
Other Oilfield Services
180.49 19.38 % 4.22 2.34 %
Canada Pressure Pumping
82.31 8.84 % 4.50 5.46 %
Total
931.55 100 % 18.30 1.96 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment (Dec. 31, 2009)
Y/Y Revenue
%
I. Quarter
Q/Q Revenue
%
(Dec. 31, 2009)
Y/Y Income
%
I. Quarter
Q/Q Income
%
USA, Mexico Pressure Pumping
-46.66 % 12.31 % - -
International Pressure Pumping
-13.71 % 24.44 % -41.79 % -11.14 %
Other Oilfield Services
- -17.56 % - -84.37 %
Canada Pressure Pumping
-37.55 % 39.53 % -84.41 % -
Total
-34.93 % 9.76 % -93.24 % -10.15 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Bj Services's USA, Mexico Pressure Pumping, International Pressure Pumping, Other Oilfield Services, Canada Pressure Pumping, Total segment. Select each division with the arrow.

  Bj Services's

Business Segments Description



Pressure Pumping Services

Cementing Services

The Company’s cementing services, consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped into a well between the casing and the wellbore. The additives and the properties of the slurry are designed to achieve the proper cement set up time, compressive strength and fluid loss control, and vary depending upon the well depth, downhole temperatures and pressures, and formation characteristics.

The Company provides central, regional and district laboratory testing services to evaluate slurry properties, which vary with cement supplier and local water sources. Job design recommendations are developed by the Company’s field engineers to achieve desired compressive strength and bonding characteristics.

The principal application for cementing services used in oilfield operations is the cementing between the casing pipe and the wellbore during the drilling and completion phase of a well (“primary cementing”). Primary cementing is performed to (I) isolate fluids behind the casing between productive formations and other formations that would damage the productivity of hydrocarbon producing zones or damage the quality of freshwater aquifers, (II) seal the casing from corrosive formation fluids and (III) provide structural support for the casing string. Cementing services are also utilized when recompleting wells from one producing zone to another and when plugging and abandoning wells.

Stimulation Services

The Company’s stimulation services, consist of fracturing, acidizing, sand control, nitrogen, coiled tubing and service tools. The Company participates in the offshore stimulation market through the use of skid-mounted pumping units and operation of several stimulation vessels including one in the North Sea, three in the Gulf of Mexico and four in South America.

The Company believes that as production continues to decline in key producing fields of the U.S. and certain international regions, the demand for fracturing and other stimulation services is likely to increase. Consequently, the Company has been increasing its pressure pumping capabilities in certain international markets over the past several years. These services are designed to improve the flow of oil and natural gas from producing formations and are summarized as follows:

Fracturing. Fracturing services are performed to enhance the production of oil and natural gas from formations having such permeability that the natural flow is restricted. The fracturing process consists of pumping a fluid gel into a cased well at sufficient pressure to “fracture” the formation. Sand, bauxite or synthetic proppants are suspended in the gel and are pumped into the fracture to prop it open. The size of a fracturing job is generally expressed in terms of pounds of proppant, which can exceed 200,000 lbs. In some cases, fracturing is performed by an acid solution pumped under pressure without a proppant or with small amounts of proppant. The main pieces of equipment used in the fracturing process are a blender, which blends the proppant and chemicals into the fracturing fluid, multiple pumping units capable of pumping significant volumes at high pressures, and a monitoring van loaded with real time monitoring equipment and computers used to control the fracturing process. The Company’s fracturing units are capable of pumping slurries at pressures of up to 20,000 pounds per square inch. In 1998, the Company embarked on a program to replace its aging U.S. fracturing pumps fleet with new, more efficient and higher horsepower pressure pumping equipment. The Company has made significant progress with this program, which is now approximately 65% complete.

An important element of fracturing services is the design of the fracturing treatment, which includes determining the proper fracturing fluid, proppants and injection program to maximize results. The Company’s field engineering staff provide technical evaluation and job design recommendations as an integral element of its fracturing service for the customer. Technological developments in the industry over the past several years have focused on proppant concentration control (i.e., proppant density), liquid gel concentrate capabilities, computer design and monitoring of jobs and cleanup properties for fracturing fluids. The Company has introduced equipment and products to respond to these technological advances.

Acidizing. Acidizing enhances the flow rate of oil and natural gas from wells with reduced flow caused by formation damage from drilling or completion fluids, or the buildup over time of materials that block the formation. Acidizing entails pumping large volumes of specially formulated acids into reservoirs to dissolve barriers and enlarge crevices in the formation, thereby eliminating obstacles to the flow of oil and natural gas. The Company maintains a fleet of mobile acid transport and pumping units to provide acidizing services for the onshore market, and maintains acid storage and pumping equipment on most of its offshore stimulation vessels.

Sand Control. Sand control services involve pumping gravel to fill the cavity created around a wellbore during drilling. The gravel provides a filter for the exclusion of formation sand from the producing wellbore. Oil and natural gas are then free to move through the gravel into the wellbore. These services are utilized primarily in unconsolidated sandstone reservoirs, mostly in the Gulf of Mexico, the North Sea, Venezuela, Brazil, Trinidad, West Africa, Indonesia and India. Completion tools, as described elsewhere herein, are often utilized in conjunction with sand control services.

Nitrogen. There are a number of uses for nitrogen, an inert gas, in pressure pumping operations. Used alone, it is effective in displacing fluids in various oilfield applications, including underbalanced drilling. However, nitrogen services are used principally in applications supporting the Company’s coiled tubing and stimulation services.

Coiled Tubing. Coiled tubing services involve injecting coiled tubing into wells to perform various well-servicing operations. The application of coiled tubing has increased in recent years due to improvements in coiled tubing technology. Coiled tubing is a flexible steel pipe with a diameter of less than five inches manufactured in continuous lengths of thousands of feet and wound or coiled along a large reel on a truck or skid-mounted unit. Due to the small diameter of coiled tubing, it can be inserted through existing production tubing and used to perform workovers without using a larger, more costly workover rig. The other principal advantages of employing coiled tubing in a workover include (i) not having to “shut-in” the well during such operations, thereby allowing production to continue and reducing the risk of formation damage to the well, (ii) the ability to reel continuous coiled tubing in and out of a well significantly faster than conventional pipe, which must be jointed and unjointed, (iii) the ability to direct fluids into a wellbore with more precision, allowing for localized stimulation treatments and providing a source of energy to power a downhole motor or manipulate downhole tools and (iv) enhanced access to remote or offshore fields due to the smaller size and mobility of a coiled tubing unit. The Company has developed a line of specialty downhole tools that may be run on coiled tubing, including rotary jetting equipment and through-tubing inflatable packer systems.

Service Tools. The Company provides service tools and technical personnel for well servicing applications in select markets throughout the world. Service tools, which are used to perform a wide range of downhole operations to maintain or improve a well, generally are rented by customers from the Company. While marketed separately, service tools are usually provided during the course of providing other pressure pumping services.

Other Oilfield Services

The other oilfield services segment consists of casing and tubular services, process and pipeline services, production chemicals, and, with the acquisition of OSCA on May 31, 2002, completion tools and completion fluids services in the U.S. and select markets internationally.

Casing and Tubular Services. Casing and tubular services comprise installing (or “running”) casing and production tubing into a wellbore. Casing is run to protect the structural integrity of the wellbore and to seal various zones in the well. These services are primarily provided during the drilling and completion phases of a well. Production tubing is run inside the casing. Oil and natural gas are produced through the tubing. These services are provided during the completion and workover phases.

Process and Pipeline Services. Process services involve inspecting and testing the integrity of pipe connections in offshore drilling and production platforms and onshore and offshore pipelines and industrial plants. These services are provided during the commissioning, decommissioning, installation or construction stages of these infrastructures, as well as during routine maintenance checks. Historically, hydrocarbon storage and production facilities have been tested for leaks using either water under pressure or a “live” system whereby oil, gas or water was introduced at operating pressure. At remote locations such as offshore facilities, the volume of fresh water required to test a facility made its use impractical and the use of flammable or toxic fluids created a risk of explosion or other health hazards. Commission leak testing, or CLT, uses a nitrogen and helium gas mixture in conjunction with certain specialized equipment to detect very small leaks in joints, instruments and valves that form the components of such facilities. Although the process is safer and more practical than traditional leak detection methods, it may be more expensive. Accordingly its use is restricted to those instances where environmental and safety concerns are particularly acute.

Pipeline testing and commissioning services include filling the pipeline with water, pressure testing, de-watering, and then either vacuum, dry air or nitrogen drying of pipelines. Recent technical innovations include the development of pipeline gels, both hydrocarbon and aqueous, for pipeline cleaning and transport of debris that has settled out in the pipelines. The Company has also developed high friction pig trains used in cleaning pipelines and has freezing techniques for the isolation of sections of pipelines.

In conducting its pipeline inspection business, the Company uses “intelligent pigs.” Intelligent pigs are pipeline monitoring vehicles which, together with interpretational software, offer to pipeline operators, constructors and regulators measurement of pipeline wall thickness (detects corrosion), geometry (detects the movement, dents, and ovality of the pipeline), determination of pipeline location (latitude, longitude, and height or plan and profile). Using the acquired data, the customer can develop a structural analysis to ascertain if the pipeline is fit for purpose. The operator’s planning is improved through the utilization of the data to determine the pipeline’s status, estimate current and future reliability and determine appropriate remedial or maintenance requirements. Some pipeline operators routinely use intelligent pigs as part of their maintenance monitoring programs as a method for increasing safety for people, property and the environment.

Production Chemical Services. Production chemical services are provided to customers in the upstream and downstream oil and natural gas businesses through the BJ Chemical Services (formerly BJ Unichem). These services involve the design of treatments and the sale of products to reduce the negative effects of corrosion, scale, paraffin, bacteria, and other contaminants in the production and processing of oil and natural gas. BJ Chemical Services products are used by customers engaged in crude oil production, natural gas processing, raw and finished oil and natural gas product transportation, operating refineries and petrochemical manufacturing. BJ Chemical Services operations address two principal priorities: (1) the protection of the customer’s capital investment in metal goods, such as downhole casing and tubing, pipelines and process vessels, and (2) the treatment of fluids to allow them to meet the specifications of the particular operation, such as production transferred to a pipeline, water discharged overboard from a platform, or fuel sold at a marketing terminal.

Completion Tools. The Company designs, builds and installs downhole completion tools that deploy gravel to control the migration of reservoir sand into the well and direct the flow of oil and natural gas into the production tubing. The Company has a specialty tool manufacturing plant in Mansfield, Texas which manufactures some of the components required in the completion tools. In addition, spare parts for completion tools and production packers are sold to customers that have purchased tools in the past.

The Company’s completion tools are sold as complete systems, which are customized based on each well’s particular mechanical and reservoir characteristics, such as downhole pressure, wellbore size and formation type. Many wells produce from more than one productive zone simultaneously. Depending on the customer’s preference, the Company has the ability to install tools that can either isolate one producing zone from another or integrate the production from multiple zones. Once the tool systems are designed and customized, each is inspected for quality assurance before it is delivered to the well location. The Company’s field specialists, working with the rig crews, deploy completion tools in the well during the completion process.

To further enhance reservoir optimization, the Company has also developed the tools necessary to provide the operator with “intelligent completion” capabilities. The Company’s tools selectively control flow from multiple productive zones in the same wellbore from a remote activation site on surface. The Company from time to time may also outsource the equipment necessary to monitor downhole parameters such as temperature, pressure and reservoir flow to allow optimization of well productivity.

In addition to tools that are designed to control sand migration, the Company also provides completion tools that are generally used in conventional completions for reservoirs that do not require sand control. These tools include non-proprietary production packers and other tools that are delivered through distribution networks located in key domestic markets and select international markets.

Completion Fluids. The Company sells and reclaims clear completion fluids and performs related fluid maintenance activities, such as filtration and reclamation. Completion fluids are used to control well pressure and facilitate other completion activities, while minimizing reservoir damage. The Company provides commodity completion fluids as well as a broad line of specially formulated and customized fluids for critical completion applications.

Completion fluids are available either as pure salt solutions or in combination with other materials for increased flexibility and greater cost-effectiveness. These fluids are solids-free, and therefore will not physically plug oil and natural gas reservoirs. In contrast, drilling mud, the fluid typically used during drilling and for some well completions contains solids to achieve densities greater than water. These solids plug the reservoir, causing reservoir damage and restricting the flow of oil and natural gas into the well. When completion fluids are placed into a well, they typically become contaminated with solids that are left in the well after drilling mud is displaced. To remove these contaminants, the Company deploys filtering equipment and technicians that work in conjunction with the Company’s on-site fluid engineers to maintain the solids-free condition of the completion fluids throughout the project. The Company provides an entire range of completion fluids, as well as all support services needed to properly apply completion fluids in the field, including filtration, on-site engineering, additives and rental equipment.

   

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