Latest Developments in Global Well Intervention Market

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Latest Developments in Global Well Intervention Market

  • ICT
  • Mar 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

  • In April 2024, Expro Group, a global energy services company, announced the successful deployment of its proprietary Octopoda™ annular intervention system in the North Sea. This innovative technology provides enhanced zonal isolation during well intervention campaigns and supports the growing demand for cost-effective and environmentally safe operations in mature offshore fields.
  • In March 2024, Halliburton launched the ExpressFiber™ distributed acoustic sensing system, a single-use fiber solution designed to enable real-time data acquisition during well intervention and stimulation activities. This launch supports industry efforts toward digital well optimization and enhanced reservoir understanding, particularly in unconventional plays.
  • In February 2024, Schlumberger (now SLB) announced a strategic collaboration with Petronas to deploy digital well intervention tools in Malaysia, leveraging cloud-based analytics and real-time coiled tubing services. The move aligns with Southeast Asia’s increasing focus on revitalizing brownfield assets and offshore productivity.
  • In December 2023, Baker Hughes introduced its Integrated Well Intervention Services package, combining wireline, fishing, and remedial cementing operations. The offering is tailored to optimize well recovery while minimizing non-productive time (NPT), especially in high-cost offshore environments such as Brazil and the Gulf of Mexico.
  • In October 2023, TechnipFMC was awarded a contract by Equinor to provide subsea well intervention services for the Njord field in Norway. The scope includes heavy intervention operations using advanced ROV-based tooling systems, marking a shift toward remote and robotics-enhanced subsea well access in the region.
  • In August 2023, Archer Limited, a key well integrity and intervention services provider, announced the expansion of its modular hydraulic intervention units in the North Sea, enabling safer and more cost-efficient interventions on aging platforms. The development supports the region's plug and abandonment (P&A) and late-life asset strategies.