The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved. OGA has also highlighted opportunities for oil firms to boost production through well interventions.Nine exploration and appraisal wells were drilled in the region in 2020 due to Covid-19 induced slowdown…
Hyprops Nigeria Limited has chosen the Saab Seaeye Falcon as the best robotic vehicle resource for increasing its long-term footprint in Nigeria.“Our current customers demand the Falcon as a trusted, easy-to-use resource,” says Hyprops, adding…
U.S.-based offshore vessel operator Bordelon Marine has secured a one-year charter with Subsea 7 i-Tech US Inc. for its Connor Bordelon ultra-light intervention vessel.The Jones Act-compliant vessel is mobilized with two Schilling 150 HD Work…
UK-based offshore well decommissioning firm Well-Safe Solutions has teamed up with Houston-based services company Trendsetter Engineering to equip its Well-Safe Guardian semi-submersible rig with the Trident Intervention System.'Featuring a compact yet powerful design…
Oilfield services firm Expro has completed an integrated Plug and Abandonment (P&A) contract for Petronas in Mauritania.The well intervention scope of the P&A project used Expro’s integrated Open Water Intervention Riser System (OWIRS) for intervention…
C-Innovation, LLC (C-I) won a multiyear contract for Riserless Light Well Intervention (RLWI) services with a major operator in the Gulf of Mexico.The contract is for the provision of RLWI services onboard the M/V Island Venture, C-I’s flagship intervention vessel commissioned in 2017…
Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore.TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore…
Australian oil and gas company Cooper Energy has hired Helix Energy Solutions' Q7000 light well intervention offshore rig, to support decommissioning work at the company's Basker, Manta and Gummy (BMG) fields in the Gippsland Basin, off Australia…
Oilfield services company Expro has entered an exclusive alliance with vessel provider FTAI Ocean for the supply of the DP3 M/V Pride well intervention vessel to provide full light well intervention (“LWI”) services to the subsea oil and gas sector…
C-Innovation, LLC (C-I), an affiliate of U.S. offshore vessel operator Edison Chouest Offshore, has secured a one-year contract extension with BP for Riserless Light Well Intervention (RLWI) in the Gulf of Mexico.The Island Venture vessel and…
Norwegian oil company Equinor has received regulatory consent to keep using the Island Wellserver well intervention vessel in 2021.The consent, granted by the Petroleum Safety Authority Norway, is an extension of an existing consent.The consent…
Oilfield services company Expro has said it has secured 'a major contract' for its subsea riserless well intervention (RWI) solution with Chevron in Australia.Under the five-year contract of an undisclosed value, Expro's Australian subsidiary…
UK-based well integrity and production optimization firm Coretrax said its ReLineWL expandable straddle has recently enabled a Gulf of Mexico operator to troubleshoot an inoperable safety valve, passing through a restriction that conventional straddles could not pass through…
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico…
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and…
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