Offshore Well Operations News

 

Oil and Gas Firms Set to Spend $58 Billion on Well Intervention in 2023

Jul 10, 2023

Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said.Rystad Energy said its modeling showed this is just the start of a surge in the coming years as the focus on efficiency intensifies.The intervention rate – how many oil and gas wells go through the intervention process – is forecast to reach 17% in 2027…

Siem Offshore's Well Intervention Vessel Duo Set for Long-Term Charter Extension with Improved Rates

Nov 24, 2023

Oslo-listed offshore vessel owner Siem Offshore has signed a letter of intent with offshore services firm Helix Energy Solutions Group.The LOI is for a possible long-term extension of charter contracts for Siem Helix 1 and Siem Helix 2 well intervention vessels at improved day rates…

Expro Secures Well Testing Services Deal with Equinor on Norwegian Continental Shelf

Nov 22, 2023

Expro has been awarded a corporate framework agreement to deliver well testing services for Equinor on the Norwegian Continental Shelf (NCS).According to Expro, the corporate frame agreement will see a substantial delivery of well testing operations in the NCS from a single service provider…

Offshore P&A Firm Well-Safe Solutions Secures Multi-Year Deal with BP

Nov 21, 2023

Offshore well plug and abandonment specialist Well-Safe Solutions has agreed a global master agreement with BP lasting until at least September 2026, with two one-year contract extension options available.The agreement will see the well decommissioning company provide BP with project management…

Expro Completes Well Cement Project in U.S. Gulf

Nov 07, 2023

Oilfield service provider Expro said Tuesday it had successfully completed a well cement placement project for an unnamed 'large international operator' in the U.S. Gulf of Mexico.Expro said it had delivered an inner-string cementing on a subsea…

Expro Acquires PRT Offshore

Oct 03, 2023

Subsea services firm Expro said Tuesday it had completed its previously announced acquisition of offshore services provider PRT Offshore.PRT Offshore is based in Houston, Texas, and provides a complete Hook-to-Hanger solution enabling comprehensive well completions…

Well-Safe Solutions Introduces New Project Resourcing Group

Aug 29, 2023

International well plug and abandonment specialists Well-Safe Solutions have announced Well-Safe Resources; a new business function focusing on deploying well engineering and project management talent worldwide.The newly-formed Well-Safe Resources service offering will be headed by Steve Combe…

Velesto Energy Wins ExxonMobil Contract for Offshore Services in Malaysia

Aug 16, 2023

Velesto Energy's subsidiary Velesto Workover has received a Letter of Award from ExxonMobil in Malaysia, for the provision of Gait 6 HWU & Services for 2023/2024 Workover and Plug & Abandonment Program.'The value of this enabling Contract with…

WSG Sells Well Intervention Division, Rebrands

Jul 28, 2023

WSG said Friday it had sold its Well Intervention division and would use the proceeds raised to lay the foundations for a period of international expansion for the rebranded WSG Energy Services (WSGES).The company has divested its traditional…

Optime Subsea Tests Wireless Comms System for Well Completion Operations

Jul 14, 2023

Norway-based Optime Subsea said Friday it had successfully tested and qualified a high-speed wireless communication system for the completion of subsea wells. 'The wireless communication system, part of Optime Subsea’s Remotely Operated Controls Systems (ROCS)…

AGR and Add Energy Combine Drilling and Wells Services Expertise

Jul 04, 2023

AGR and Add Energy said Tuesday they were combining their expertise in drilling, wells, reservoirs, and energy transition technologies CCUS and geothermal under the AGR brand.This move follows the recent acquisition of AGR and Add Energy by global energy…

Vår Energi, Halliburton in Drilling Services Partnership

Jun 08, 2023

Norwegian offshore oil and gas producer Vår Energi said Friday it had entered a long-term strategic partnership with the U.S. oilfield services company Halliburton for drilling services to improve drilling and well performance and enhance value creation…

Archer Wins 5-Year Contract with Perenco UK for Coiled Tubing and Pumping Services

May 25, 2023

Oilfield services company Archer said Thursday it had won a five-year contract with Perenco UK Limited in the United Kingdom for the provision of Coiled Tubing and Pumping services.The contract contains two options of one year each and started May 3…

Harbour Energy Taps Expro for Balmoral Well Abandonment Project

May 22, 2023

Offshore well services firm Expro said Monday it had won a new contract with oil and gas company Harbour Energy for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf.The multi-year contract…

Gulf of Thailand: Uzma Clinches 3-Year Coil Tubing Contract with Valeura Energy

May 11, 2023

Malaysia-based energy industry services firm Uzma has, via its Thai subsidiary MMSVS secured a contract with the oil company Valeura Energy Inc.The three-year contract is for the provision of coil tubing equipment and services in the Gulf of Thailand…

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