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Offshore Well Intervention Key For Future Commercialisation

Offshore well intervention is a vital and important part of maintaining the sustainability of your mature and late-field wells. Without intervention, you can risk losing years’ worth of commercially-viable production. And, if you are risk-averse to embracing new technological breakthroughs in this field, you could be left behind in the dust.

Historically speaking, the oil industry's general attitude towards new technology has been to reject it in favour of 'field proven technology'. Essentially, when the price of barrels has been high, there has been no need to innovate. However, recent market conditions – and the relatively low price per barrel – has awoken many investors in the industry to the need to take action. This is where innovation can help transform your business for the better. Well intervention is at the heart of this – especially when looking to sustain the viability of mature fields. While many have been put off by the high cost of intervention in the past – particularly if it is unable to prove commercially worthwhile should it not extend the life of a well significantly – things are changing. New technology is opening up the way we approach intervention. For example, rig-free technology is now being utilised. This is driving down the cost usually associated with intervention techniques. However, it is still very easy to feel overwhelmed by the multitude of options out there – particularly in regards to modern technology. That's why there are specialist offshore asset management firms that have been set up specifically with this in mind.

One such firm is Attollo Offshore Ltd. At Attollo Offshore Ltd, we have fully embraced the possibilities offered by offshore well intervention technology for mature fields – allowing a reduction of costs and further commercialisation. To find out more, please visit http://www.attollo-offshore.com/. Or, to talk to us today, call +44 1224 959810 or email info@attollo-offshore.com and we will get back to you as soon as possible.