Increased well intervention could provide a "huge opportunity" for the North Sea supply chain and lead to "cheaper, easier, cleaner" UK production, according to the North Sea Transition Authority (NSTA).
Billions of pounds will go on well interventions this year as oil and gas companies seek to squeeze out as much value as possible from fields.
A senior figure at the industry regulator has expressed his frustration over a lack of engagement from industry on managing wells.
Serica Energy (LON: SQZ) has quadrupled production from a 24-year-old BP well in the North Sea.
The Oil and Gas Authority’s (OGA) Well Insight report says “significant opportunities” remain in the basin, despite rising abandonment and a COVID-related exploration slump.
The WellHOP™ - Wellvene's new shallow application slickline system - challenges the traditional slickline rig ups and shallow application operating methods that have been standard practice in the well intervention industry.
A north-east entrepreneur has set his sights on commercialising oilfield technology developed primarily in Aberdeen after it passed field trials in Nigeria.
Wellpro Group struck a deal to enter the Middle East in May, with an aim for leveraging an existing footprint to speed the way.
A north-east oilfield technology firm has reached the promised land of commercialisation with its pioneering well-intervention device.
A Dutch well services firm has made a multi-million pound investment in a new UK base in Aberdeenshire.
Well services firm Altus Intervention UK has installed a new training simulator at its base in Portlethen, near Aberdeen.
FMC Technologie is taking legal action against its four former Norwegian employees claiming they have used FMC intellectual property in their new company.
An Aberdeen technology firm has taken inspiration from guided missile military technology to create a new well intervention system that could radically alter the way the industry operates, whilst saving companies millions of pounds.
Well intervention specialist Read Cased Hole has collaborated with GE Oil and Gas to develop a new micro-leak detection tool that can be deployed in well intervention processes including slickline, electric line, coiled tubing and tractor.
Well intervention firm Ziebel has completed its 100th Z-Rod distributed fibre optic sensing job.
International Well Control Forum (IWCF) has announced a workshop and networking event for Aberdeen next month ahead of Offshore Well Intervention Europe 2015. The event will take place on Tuesday April 14, and will focus on the best practices for global safety, new initiatives that are being launched to drive up well control competency, and operators, contractors and service companies will be on hand to explain how to get more involved.