Well Intervention System to be Reviewed in Aberdeen

Posted by Michelle Howard
Tuesday, November 12, 2013

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

Following over £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 leading 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 partners which developed the AX-S system.

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.

“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 pre-conference 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.

Eleven North-East Academies from across Aberdeen City and Shire will go head to head during the final round of judging of the Junior Energy Apprentice 2013, on November 14 at the AECC. A competition, jointly hosted by SPE Aberdeen and ICoTA.

The ICoTA European Chapter Innovation Award 2013 will also be announced during the conference on Wednesday, November 13.

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

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Energy

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

CNOOC Acquires Asia's 1st LNG Powered Tug

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Vessels

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

Bestobell Bags HHI's Valve Order

Bestobell Marine, a world leading supplier of cryogenic valves for ships, has won a major new order from Hyundai Heavy Industries (HHI) in South Korea to supply valves for two new vessels.

Offshore Energy

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

Fjords Processing Bags Johan Sverdrup Contracts

Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea.

Ocean Safety, Richard Irvin Marine Safety Merger

Ocean Safety has today announced the merger with Richard Irvin Energy Solutions Marine Safety Division and their Aberdeen branch.   This merger follows the

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.1590 sec (6 req/sec)