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.