Baker Energy Wins Phase One OPCO Contract to Operate J.M. Huber Facilities.Business Editors HOUSTON--(BUSINESS WIRE)--April 22, 2002 Baker Energy, a unit of Michael Baker Corporation Michael Baker Corporation is an engineering and energy management corporation headquartered in the Pittsburgh suburb of Moon Township, Pennsylvania. Its headquarters is located in Airside Business Park, an office park near the Pittsburgh International Airport that the company (AMEX AMEX See: American Stock Exchange :BKR BKR Baker BKR Birkirkara (postal locality, Malta) BKR Breaker BKR Broadcast Key Rotation BKR Best-Known Recipe ), has entered into a Phase One OPCO OPCO Operating Company OPCo Ohio Power Company (SM) contract with J.M. Huber Corporation, under which Baker will operate and maintain Huber's oil and gas producing properties in the South Timbalier 21 Field in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east outer continental shelf In the federal United States, the Outer Continental Shelf (OCS) consists of the submerged lands, subsoil, and seabed, lying between the seaward extent of the States' jurisdiction and the seaward extent of Federal jurisdiction. . Baker began mobilizing field supervision, regulatory compliance specialists, and other OPCO field specialists on January 25, 2002. Huber operates 87 active manned and unmanned facilities in this region of the Gulf, covering approximately 12 square miles. Approximately 50 Baker field professionals, in addition to technical and operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. personnel from Baker's Houston and Lafayette offices, will be utilized in this operation. This contract is an expansion of the operational consolidation Baker is leading throughout the Gulf of Mexico. Under OPCO, Baker Energy is implementing a sophisticated operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. that redefines business-to-business relationships in the Gulf. Baker Energy has invested in building an infrastructure of marine vessels, helicopters, shorebases, information technology, specialists, safety and compliance systems, and a leadership team that manages the sharing of resources, resulting in improved profitability for OPCO participants. Presently, the company is working under OPCO agreements with ExxonMobil, El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. Production, Burlington Resources and Phillips Petroleum. When the Phase One transition to full OPCO is completed for Huber, Baker will have operational responsibility for nearly 400 manned and unmanned production facilities in the Gulf of Mexico, of which approximately 250 are under the OPCO model. "Our OPCO consolidation model is an innovative way to improve production efficiencies, assure safety, environmental protection, regulatory compliance and cost efficiency" Michael Whitten, president of Baker Energy, said. "We are actively pursuing other significant opportunities that exist to expand the network further, to the benefit of current participants and to Baker Energy." J.M. Huber Corporation (www.huber.com), headquartered in Edison, New Jersey Edison Township (usually known as Edison) is a township in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the township had a total population of 97,687, making it at the time the fifth largest municipality in New Jersey. As of the U.S. , is one of the largest family-owned businesses in the U. S. Huber is a global company that focuses its services in three major areas: Natural Resources, Engineered Materials and Technology-Based Services. Huber Energy is constantly evaluating new ways to adapt to the rapidly changing business environment in which it competes. Huber believes the OPCO contract is an innovative solution that will help manage its business more efficiently and responsibly. Baker Energy works with oil and gas companies worldwide providing total operations and maintenance solutions. By integrating its diverse operating and management skills, Baker Energy has evolved into a single source supplier of competency-based personnel recruiting and training, comprehensive operations and maintenance, and supply chain management services. Michael Baker Corporation (www.mbakercorp.com) provides engineering and energy expertise for public and private sector clients worldwide. The firm's primary services include engineering design for the transportation and civil infrastructure markets, operation and maintenance of oil and gas production facilities, architecture, environmental services, and construction management for building and transportation projects. Baker has more than 4,200 employees in over 30 offices across the United States and internationally. |
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