Houston, Texas (PRWEB UK) 3 July 2014
With an aging subsea well stock, shelf assets demanding better recovery and the necessity to access deepwater wells, offshore well intervention has become a critical part of GoM production.
In response operators are developing complex intervention programs to ensure their wells extend economic recovery rates and maintenance work is executed efficiently to ensure integrity. Due to this activity the global intervention and work-over market is set to increase from $9.97bn in 2013 to an estimated $17.48bn in 2018 - with the USA becoming the largest end user. (Source: Markets and Markets)
In the Gulf of Mexico, Shell represent a new breed of operator who are routinely planning and executing huge numbers of subsea well intervention projects. In doing so Shell are actively increasing the Net Present Value of their GoM well stock and setting a great example for other GoM stakeholders.
On the 14-15 October at the Offshore Well Intervention Conference in Houston (http://bit.ly/owigompr), Shell will be delivering a full case study of their recent RLWI and coiled tubing intervention programs. The case study will deliver key details including:
- Details of the required processes Shell have developed to efficiently execute multiple coiled tubing operations in the GoM
- Examination the Net Present Value increase in Shell’s well stock after executing intervention programs, to demonstrate the importance of GOM intervention
- Highlighting key lessons learned and challenges faced to mitigate future intervention risk in the GoM
For more information about Shell’s involvement and the other presentations taking place at the Offshore Well intervention Conference, Gulf of Mexico you can access the full conference brochure at: http://bit.ly/owigompr
Anadarko, Stone Energy, Halliburton, Baker Hughes, Schlumberger, ICoTA and many other key organizations will also be delivering key case studies at the Offshore Well Intervention Conference – if you are involved in GoM well work this is a must attend meeting for your organization.
If you have any questions about the meeting please feel free to contact the meeting’s organizer below:
Director | Offshore Network Ltd.
t: +44 (0) 203 411 9184 | e: tangell(at)offsnet(dot)com