As the oil and gas industry is increasingly seeking sustainability, well intervention remains an obvious focus
According to Jenny Feng, supply chain analyst, Rystad Energy, operators will look to "ramp up production from existing fields, and well interventions will be a vital piece of the puzzle. As a quick, efficient, and cost-effective method of maximising existing resources, interventions are going to be a hot topic in the years to come." As per the research body’s prediction last year, spending on interventions stands close to nearly US$58bn. With sustainability the focal point, this amount sets the bar for a surge in the coming years as the number of wells ready for intervention is projected to reach 17% by 2027, equating to a total 260,000 wells globally.
Middle East and North Africa's (MENA) eagerness to take up intervention activities is well evident as companies such as Coretrax is showing increased interest in the fossil fuel-driven region. “The Middle East is a key growth area for Coretrax... As operators remain focused on maximising recovery efficiently and sustainably, our expandable technology is ideally placed to support this demand," said John Fraser, Coretrax CEO, while marking the company’s first deployment of ReLineWL straddles in 2022 for a major Saudi operator.
In another multi-year contract in the Middle East signed as recently as October 2023, the well integrity and production optimisation leaser will be delivering production enhancement across a multi-well campaign. It will also be supplying expandable tubulars to support brownfield optimisation. With advanced tools such as ReLineMNS and ReLineHYD expandable casing patches under the brand name, the company will effectively help isolate trouble zones and stimulate production on the operator’s existing wells.
Leveraging advanced technologies
Companies from the region are leveraging artificial intelligence and machine learning (AI and ML), and coming up with groundbreaking digital innovations in the intervention space. AIQ's autonomous well control solution called RoboWell that has been deployed by ADNOC in its North East Bab (NEB) assets remains one such instance. Expro, which is an active player in the MENA region, has come up with a tool called Galea, which is a completely automated well intervention system that can perform a variety of slickline operations, offering easy alternative to conventional methods.
Offshore Network's Middle East and North Africa Well Intervention Outlook attempts to reflect on these industry developments, as OWI MENA 2024 gears up to return in Abu Dhabi from 17-18 September.
Read the full report here.
