GE, SapuraKencana in Asia Pacific Well Intervention Alliance

Photo: SapuraKencana Well Services (SKWS)

GE Oil & Gas and SapuraKencana Well Services have signed a memorandum of understanding (MoU) announcing an Asia Pacific wide agreement to deliver cost effective light well intervention services.

The alliance should enable oil and gas operators to bring wells into production, deliver life-of field intervention services, as well as to suspend and abandon these wells later in their life without the need for mobile drilling units, the company explained.

“The generally prohibitive cost of performing interventions on subsea wells has meant that the volume of hydrocarbons extracted from offshore fields with subsea wells is typically far lower than offshore fields with platform wells,” said Nick Dunn, Global Leader, Subsea Services & Offshore at GE Oil & Gas.

“By combining regionally-based assets with local infrastructure and support, this strategic alliance will bring a cost-effective Light Well Intervention solution to the market and create immediate value for the Asia Pacific operator community. This alliance is an excellent example of the changing market trend where trusting relationships result in added value and cost savings for operators across the globe,” Dunn added.

The MoU signifies the formalization of the business relationship between the companies, which is already in operation with an initial focus on the Australian waters province.

“We are very excited to be working with GE Oil & Gas on light well intervention projects in this key growth region where we both have a strong history and presence. Both parties are committed to a long-term relationship where we collaborate with operators in region to fully understand their challenges and provide appropriate enabling intervention solutions,” said Vivek Arora, Senior Vice President of Engineering & Construction of SapuraKencana Petroleum.

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >