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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Video: Reefer RoRo Ship Design Rebooted

Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II.

Finance

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Oil Deal Between Iraqi Kurdistan & Baghdad Welcomed

The United States welcomes an agreement between Iraq's central government in Baghdad and its northern Kurdistan region over the management of oil exports, U.

Nigeria to Cut Petrol Subsidy by Half

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards,

Energy

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

News

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Vessels

USS Oscar Austin Deploys to 6th fleet

Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) departed Naval Station Norfolk Nov. 21 for a deployment to the U.S. 6th Fleet area of responsibility (AOR).

Orlando Ashford is President, Holland America Line

Holland America Line announced today that effective Dec. 1 Orlando Ashford will join the company as president to lead the award-winning cruise line's brand and business,

Bouchard Vessels Honored by SCA

Forty-three Bouchard Transportation Co., Inc. vessels have been honored by The Chamber of Shipping America (CSA) with Certificates of Environmental Achievement.

Offshore Energy

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

Deepwater Semi-Sub COSL Prospector Delivered

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2101 sec (5 req/sec)