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

Technology

Royal IHC Launches Sapura Jade

Royal IHC has named and launched the pipelaying vessel Sapura Jade in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.   The

Hull Inspection Systems Delivered to the US Navy

Bluefin Robotics has delivered new vehicles to the U.S. Navy that aim to increase the Navy's capability to remotely search and investigate ship hulls, harbor sea

Pollet to Lead R&D at Coldharbour Marine

Coldharbour Marine Ltd. has appointed Professor Bruno Pollet to head its R&D department.   Bruno Pollet moves to Linby, Nottinghamshire from the University of the Western Cape,

Finance

U.S. Ports Account for 26% of Nation’s Economy

From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.

Titan, Svitzer Merger Creates Global Salvage Giant

Svitzer, salvage division of AP Moller-Maersk and Titan Salvage, a division of Crowley Maritime Corp are merging their salvage operations to create a new market leader.

Rejig at Pan Ocean

South Korean bulker operator Pan Ocean re-sumitted its rehabilitation plan to the South Korean court that will see discount rate of cash repayment and decision of reduction of capital.

News

Royal IHC introduces IHC Workhorse

Royal IHC has announced an extension to its innovative range of vessels with the introduction of the IHC Workhorse. This new design for a hybrid anchor handling

‘Row around Singapore Island’ Takes off today

The epic endurance challenge that will see 32 volunteers rowing 140km non-stop around Singapore is starting in less than 24 hours. The project has raised a staggering $450,

U.S. Ports Account for 26% of Nation’s Economy

From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.

Vessels

Anthem of The Seas Christened in Southampton

Royal Caribbean's newest ship, Anthem of the Seas, was named in Southampton, U.K.,  in a spectacular ceremony.   U.K. travel agent godmother  Emma Wilby named the 4,

New CEO for Deep Sea Supply

Deep Sea Supply, a Cyprus headquartered owner of offshore support vessels, has appointed Jon Are Gummedal as new CEO of the company,  says a statement from the company.

Royal IHC Launches Sapura Jade

Royal IHC has named and launched the pipelaying vessel Sapura Jade in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.   The

Offshore Energy

Royal IHC introduces IHC Workhorse

Royal IHC has announced an extension to its innovative range of vessels with the introduction of the IHC Workhorse. This new design for a hybrid anchor handling

CWind Orders More Composite Workboats

CTruk has won an order for two more of its 22m multi-purpose catamaran Wind Farm Service Vessels (WFSVs). Both will be delivered to offshore wind service supplier

Kongsberg Simulators to Enhance GoM Offshore Training

‘Fideicomiso de Formación y Capacitación para el Personal de la Marina Mercante Nacional’ (FIDENA), on behalf of Mexico’s Secretariat of Communications and Transportation

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1615 sec (6 req/sec)