Offshore Workover News

 

Well Intervention Market Overview

Aug 11, 2020

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.Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea wells, particularly those with aging installations.Regions seen with potential developing well intervention markets include West Africa and Australia…

Petrobras Extends Helix Well Intervention Vessel

Sep 19, 2022

Helix Energy Solutions Group, Inc. announced on Monday that it entered into a two-year extension of its well intervention charter and services contracts with Petróleo Brasileiro S.A. (Petrobras) for the Siem Helix 2 well intervention vessel offshore Brazil…

ExxonMobil Hires Velesto for Well Work Offshore Malaysia

Feb 22, 2022

Malaysian oilfield services company Velesto Energy has, through its subsidiary Velesto Workover, received a letter of award from ExxonMobil for the provision of a hydraulic workover unit and services in Malaysia.The duration of the contract…

Archer to Acquire DeepWell

Apr 26, 2021

Oilfield services firm Archer said it has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell, a Norwegian well intervention company focused on mechanical wireline and cased hole logging services…

Milaha, Schlumberger to Build Stimulation Vessel

Sep 27, 2020

Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel…

Time for an Intervention?

Aug 10, 2020

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…

Connecting Completions

Mar 16, 2020

Forewarned is forearmed, an adage that is particularly true when it comes to deepwater drilling. Offshore drillers are increasingly relying on existing and new downhole data technologies to make real-time decisions and keep operations safe.Multi…

Osbit Well Intervention System for FTAI Ocean

Feb 04, 2020

UK-based offshore technology company Osbit said it has been awarded a contract by FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI), to design and construct a new well intervention tower system.Osbit’s…

Fishbones Completes Its Largest Job to Date

Dec 04, 2019

Alternative reservoir stimulation technology company Fishbones said it has installed its proprietary technology for a major international oil company in the Danish North Sea. The installation, which comprised 56 subs and 224 jetted laterals…

Ardyne Scores Services Deal from Equinor

Nov 25, 2019

UK plug, abandonment and casing recovery specialist Ardyne said it has entered a frame agreement with Norwegian energy company Equinor to provide fishing services covering all of the operator’s assets on the Norwegian Continental Shelf.The agreement…

Enpro Subsea Completes Ghana Campaigns

Nov 19, 2019

Production optimization specialist Enpro Subsea said it has recently completed another two subsea hydraulic intervention campaigns for two operators in West Africa. Operations were conducted from a single multi-services support vessel, which was mobilized out of Takoradi in Ghana…

Wellpro Announces New Hires

Nov 11, 2019

Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…

Sembcorp Delivers Q7000 to Helix

Nov 08, 2019

Singapore's Sembcorp Marine has delivered the Q7000 semisubmersible well intervention rig to Helix Energy Solutions Group.The Q7000 is expected to commence its first project in January next year, providing subsea services off the coast of Nigeria…

Well Intervention and Stimulation Alliance Formed

Oct 30, 2019

Aker BP, Schlumberger and Stimwell Services have established the Well Intervention and Stimulation Alliance to accelerate and boost oil production.The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu on Tuesday…

Helix Introduces Q7000 Well Intervention Vessel

Oct 22, 2019

Helix Energy Solutions Group has introduced its newly built semisubmersible well intervention vessel, the Q7000.The Q7000 can perform through-riser well intervention and decommissioning operations in water depths ranging from 85 meters to 3…

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