AX-S System Challenges Up for Discussion

SeaDiscovery.com
Friday, November 08, 2013

The AX-S system, a world first in light well intervention, is to be the topic of discussion at a major oil and gas industry event in Aberdeen next week.

Following more than £120 million of investment and eight years of research and development, the AX-S well intervention system used remote-controlled subsea tools and was the first technology in this field that could be deployed from a construction vessel and operate in depths of up to 10,000ft. The business which developed the system subsequently went into administration on September 1, 2012, with the loss of 40 jobs.

Andrew Reid, Group CEO at Douglas Westwood, a provider of business strategy, research and commercial due-diligence services to the energy sector, will give an in-depth analysis of the AX-S case study during his keynote address at the 19th SPE ICoTA Well Intervention Conference and Exhibition.

Mr. Reid will examine the technical successes and challenges faced by the company and its partners during the development of AX-S.

Speaking ahead of the conference, Mr. Reid said, “The AX-S system has been an important step change in the well intervention industry. The development process and the implementation of AX-S have highlighted a number of key learning points that will be of interest to both oil services companies, which may be looking to develop revenue opportunities from new intervention technologies, and exploration and production firms, which could benefit both operationally and commercially.”

John Donachie, conference chairman and managing director of Omega Completion Technology Limited, said, “The SPE ICoTA Well Intervention conference is a well-established, successful event and this year we have already seen a high level of delegate bookings as well as all exhibition space sold out.”

Donachie added, “It is extremely encouraging to see how the show has grown into a major industry event, which attracts technical experts from all across Europe. Information exchange and focused discussion on industry successes and failures are key to the longevity of the industry and we strive to ensure that the SPE ICoTA Well Intervention Conference remains one of the leading forums for doing this.”

The SPE ICoTA Well Intervention Conference & Exhibition takes place on November 13-14 at Aberdeen Exhibition and Conference Center.

A preconference short course, “An Introduction to Well Intervention” will kick off the event on November 12. The event is aimed towards those looking to gain a basic understanding of well intervention operations or looking for a refresher, as well as students and graduates.

The ICoTA European Chapter Innovation Award 2013 will also be announced during the conference on Wednesday, November 13. The award recognizes a company operating within the energy sector and acknowledges its technical innovations in the area of well intervention.

pe-uk.org

icota-europe.com
 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

MN: Corvus Energy

The Company: Corvus is a manufacturer of proven, high power Energy Storage Systems (ESS). Its field proven battery systems provide power to hybrid and fully electric marine propulsion systems.

LNG-fueled Box Ship a 'Momentous Step Forward'

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S.

Liam Means Business for Shipping Cluster

Enterprising student Liam Finch has been putting his summer days to good use by working on an important survey for the Isle of Man Shipping Association (IOMSA).

Energy

Nigeria Ramps up Push to Eradicate Oil Theft

Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities,

MN: Corvus Energy

The Company: Corvus is a manufacturer of proven, high power Energy Storage Systems (ESS). Its field proven battery systems provide power to hybrid and fully electric marine propulsion systems.

Brent Crude Falls More than 7 Percent

Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived

News

Latest ShipConstructor Update Targets Offshore

With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.

Runaway Crane Barge Sinks on the Mississippi

The U.S. Coast Guard is working with a team of responders to recover a runaway crane barge that sunk near Convent on the Mississippi River.   The crane barge

Joe Pyne Joins DHT Holdings’ Board of Directors

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors.

Maritime Safety

Nigeria Ramps up Push to Eradicate Oil Theft

Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities,

IMO’s Sekimizu Condemns People Smugglers

Prompted by recent incidents in which hundreds of migrants attempting to cross the Mediterranean to Europe have lost their lives, including dozens found dead in

Total Lubmarine Resumes Full Service in Tianjin

Marine lubricants and greases provider Total Lubmarine informs it has resumed all services based out of the Port of Tianjin following the deadly explosions that rocked the port August 12.

Offshore Energy

MODEC FPSO Achieves First off Brazil

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil,

First Damen Twin Axe Workboat for Middle East

Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is

Harkand: Expanding the Fleet, Growing a Global Business

International inspection, repair and maintenance (IRM) company Harkand aims to be a $1 billion company. MR’s Tom Mulligan recently met with John Reed, the company’s CEO,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5871 sec (2 req/sec)