Baker Hughes INTEQ
From Wikipedia, the free encyclopedia
Baker Hughes INTEQ is among the world's leading oilfield drilling service companies. INTEQ was formed from the legacy companies of Eastman Christensen, Teleco MWD and Exlog which were bought over by the Baker Hughes Inc in the late 1980s. These trade names were dropped in favour of INTEQ which was originally coined to emphasize on the company's generic ideology of INtegrated TEchnolgy provided with Quality. The origin of the name was however never used in marketing the business.
INTEQ's main competitors are Schlumberger Drilling & Measurements (previously known as Anadril), Sperry Drilling services (part of the Halliburton group) and Pathfinder Energy services (breakaway of Halliburton). Weatherford recently acquired a smaller player Precision Drilling Systems which is gaining market share on account of its higher temperature endurance tools.
The company's flagship brand has been the AutoTrak steerable system which a pioneering directional drilling tool and was responsible for the company's relatively strong market share in the past few years. The tool is fundamentally different compared to contemporary rivals such as the Powerdrive and the GeoPilot employing the technique of "pushing the bit" rather than "pointing the bit".