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Oil Well Intervention - It's Time To Embrace Modern Technology

Oil well intervention has been around for many years. Despite that being the case, it has been highly underutilised by those operating mature fields. There have been a number of reasons for this – however, it's mainly to do with a general aversion to modern marine technology in an industry that hasn't needed to majorly innovate in many years. But that time is now over.

While well intervention is dependent on having a top class management team to implement change, it is also heavily reliant on a technology-heavy investment. This has, in previous years, been seen as an unnecessary investment. However, in recent years, there has been a new understanding regarding how to navigate the unsteady future of productivity – particularly for those with mature fields. Despite the challenges, there are still massive opportunities in these late field wells. Many believe that it will be collaboration with other firms that will propel the further commercial value of these particular fields. Furthermore, there is a growing understanding that the gel that will bind this together is technology, which is becoming increasingly safe, reliable and cost-effective. So approaches such as rigless intervention, automation and subsea intervening are undoubtedly the future in continuing to commercialise these wells and they should certainly be considered carefully before any plug and abandonment is put in place. Now is the time to show some entrepreneurial spirit, commit to the future and make use of wells while they still exist. However, it shouldn't be done alone. Technology-focused, start-up offshore asset management firms exist to offer services that can help you move into the future of production.

Don't delay in embracing oil well intervention today. At Attollo Offshore Ltd, we're dedicated to bridging the gap between producers and emerging technologies to increase the life expectancy of mature fields. To find out more, please visit http://www.attollo-offshore.com/, email us via info@attollo-offshore.com or call our Aberdeen offices today on +44 1224 959 810.