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Well Intervention Companies Can Boost Production

Well intervention companies have become much more sought after by major producers looking to increase the productivity and life of their mature, late fields. There are a number of reasons behind this trend – including the downturn in viability of oil production. Read on for more information.

The downturn in the viability of oil production is particularly problematic for those operating in mature fields. However, recent statistics have demonstrated the high value of well intervention to marine barge platforms and subsea assets. For example, four fields in Norway had a prognosis that oil rates would hit zero approximately between 2000 and 2005. However, thanks to intervention, all four fields were still producing as of 2015, and delivered produce at a far higher rate than projected in the intervening years. This is thanks to the recovery of hydrocarbons that is possible through intervention. There is absolutely no doubt that the model can be commercially viable. Consulting firm McKinsey & Co have also outlined reasons as to why intervention is so critical for both the oil and gas industries respectively. They believe that intervention is key towards continued economic recovery. They also state that it is safer, faster and cheaper than drilling new wells, the recovery opportunity offered can also boost production, and cost per barrel is lower than the unit lifting cost. From a global perspective, the potential offered by marine intervention is staggering. Thankfully, there are specialist offshore asset management firms offering services that can help this potential become realised.

One of these firms is Attollo Offshore Ltd. Based in Aberdeen, we offer new solutions and services by utilising modern technology to help boost production and drive down operating costs. So if you're looking for well intervention companies who are passionate about bringing down their clients' costs, look no further than Attollo Offshore Ltd. Visit http://www.attollo-offshore.com/, call today on +44 1224 959810 or email us via info@attollo-offshore.com.