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Nov 21, 2023Liked by Another oil and gas tourist

Per comments on your prior post re. inexperience management team - ESP issue could be an unforced error in that space...? Experience management: Let's take the tried, tested, known ESP's that we've seen work well before; less experience management: let's go for it with new ferarri ESP, it is sold by Baker H afterall...

At least it's sold by such a reputable co. and you would hope they get significant support & purchase cost reductions as a result.

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Nonetheless, I think today's anouncement of Golfinho's 10,000 bopd production (1,200 bopd below last week's number) is an example of management's very poor communication. A perfect example of how turning a good news into a negative development.

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I doubt top management makes that decisions, I think it is more the COO and the operational team who decide what to use. It is weird that there are other customers of the same product line that didn't experience these issues, maybe Baker would compensate them somehow if they found a problem in the design or manufacturing.

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