AKOFS Offshore to Provide Well Intervention Services for Equinor

AKOFS Offshore, a company owned by Akastor, has entered into a Letter of Intent with Equinor for the provision of year round light well intervention services (LWI) on the Norwegian continental shelf.

Pursuant to the Letter of Intent, the contract period is for five years, with an extension option of three years.

Contract award is subject to partner approval and final agreement on terms and conditions, the company said.

The contract value for the initial five-year period is approximately USD 370 million. The work is scheduled to start in the first half of 2020 and will be performed from the AKOFS Seafarer well intervention vessel which is owned and operated by AKOFS Offshore.

The vessel and its intervention system will undergo necessary modifications and upgrades as part of preparations for the contract.

This is an important milestone for the company as we increase our operating envelope to include the Norwegian continental shelf. Equinor is a key operator of subsea wells and has been pioneering the use of subsea intervention technology. Building on experience from Norway and international operations including Brazil, AKOFS Offshore together with our partners DeepWell and Welltec, acting as subcontractors, are proud of the confidence shown by Equinor,” said Geir Sjøberg, CEO of AKOFS Offshore.

AKOFS will establish a joint operations support office with its partners in the Stavanger region in connection with the contract.

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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