Well Intervention News

 

Archer to Acquire Well Intervention Firm DeepWell

May 10, 2021

Oilfield services firm Archer has signed an agreement to acquire Norwegian offshore well intervention company DeepWell for NOK 177 million (21,57 million) on a debt and cash free basisDeepWell provides wireline and downhole services to oil companies on the Norwegian Continental Shelf (NCS). Headquartered at KarmøyNorway, DeepWell employed approximately 200 people and had a revenue of NOK 360 million ($43…

PHOTO: FTAI Ocean's New Well Intervention Tower Stands Tall at Wilton's Teesside Site

Jun 09, 2021

North East England-based offshore technology supplier Osbit Ltd has said it has reached a key milestone in the assembly of an innovative new well intervention tower system for FTAI Ocean.Following the installation of the top section of the tower onto the lower section in a complex lift operation…

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…

Expro, FTAI Ocean Partner Up in Light Well Intervention

Mar 17, 2021

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 Clinches One-year Extension with BP for RLWI in Gulf of Mexico

Feb 01, 2021

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…

Altus, Archer Bag Wireline Services Deals with Equinor

Jan 19, 2021

Norwegian energy giant Equinor has awarded Altus Intervention and Archer Integrated Services framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. Altus Intervention will provide services at the Gina Krog…

Equinor Gets Consent for Continued Use of Island Wellserver Vessel

Jan 04, 2021

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…

Expro Bags 5-Year Well Intervention Contract with Chevron in Australia

Nov 16, 2020

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…

Coretrax's Tech Helps GoM Operator Resolve Well Issue

Oct 08, 2020

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…

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…

GMS Completes 'First' Well Intervention from Self-Propelled Jack-Up Unit

Jul 28, 2020

Gulf Marine Services, a UAE-based supplier of self-propelled and self-elevating support vessels (SESVs) for the offshore energy industry, has said it has completed its first Well Intervention work scope.The company, which normally provides offshore…

Three Oilfield Players Join Forces in "New Coretrax"

Mar 30, 2020

Churchill Drilling Tools, Mohawk Energy, and Coretrax have teamed up to offer an integrated approach to well lifecycle integrity and production optimization.As previously reported, Coretrax acquired Churchill Drilling Tools in November 2019…

Helix Energy Solutions Extends Loan Maturity Date

Mar 12, 2020

Offshore services provider Helix Energy Solutions has amended its existing credit agreement dated as of September 26, 2014, with Nordea Bank ABP and the lender parties related its Q5000 well intervention unit. The amendment extends the final…

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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