Aker BP, Schlumberger and Stimwell Services have signed 5+5 year tripartite agreement to establish Well Intervention and Stimulation Alliance to accelerate and boost oil production.
The agreement was signed by the CEOs of the three alliance partners at Aker BP’s headquarter in Fornebu on Tuesday.
Through collaboration, innovative technologies and digitization the newly formed Alliance endeavors to completely transform conventional intervention operations with clear targets of propelling hydrocarbon production on new and existing assets on the Norwegian Continental Shelf.
The Alliance focus will span interventions operations, with Schlumberger as partner for wireline logging, perforation and well stimulation through digital slickline, coiled tubing and flowback operations on Aker BP’s fixed installations, and StimWell as partner for vessel-based stimulation services.
Karl Johnny Hersvik, the CEO of Aker BP said: “These are exciting times. Aker BP is committed to increase the productivity, quality, flow- and time efficiency throughout the value chain. Strategic alliance relationships are an integral part of this strategy, thus I am pleased to enter the Well Intervention and Stimulation Alliance with Schlumberger and Stimwell Services. Multiple wells on Aker BP operated assets are on a fast-tracked schedule to be put on production adding a significant number of barrels to the company’s total hydrocarbon output. By leveraging the combined digital horsepower from the parties, we have a unique opportunity to pave ahead and transform the well interventions space and ultimately generate value through increased oil production.”
Olivier Le Peuch, the CEO of Schlumberger said: “This Alliance is a great example of a collaborative approach to drive customer performance by applying leading digital, subsurface technologies, and domain expertise in well intervention and stimulation operations to maximize production potential. We are committed to deploying Schlumberger’s unique team and technology performance, centered on our customer’s challenges, to drive efficiency sustainably for the benefit of our Alliance partners.”
Sami Haidar, the managing director of StimWell Services added: “Through close alignment of supplier corporate objectives I am certain that this ground-breaking Alliance model will become in time the high-quality benchmark for the industry. In addition, by facilitating a collaborative approach, drawing on the combined knowledge of each of us, it will not only undoubtedly deliver higher well productivity at a lower cost but will enable us to continue to raise the bar in terms of environmental best practice.”
The Well Intervention and Stimulation Alliance will host a network of personnel from the Alliance Members’ organizations, collocated at Aker BP offices in Jåttåvågen in Stavanger utilizing a brand-new Onshore Collaboration Centre.