Interview: Cairn, Pakistan Petroleum and ONGC Discuss APAC Well Intervention Activity and Innovation
Ahead of OWI APAC in Kuala Lumpur on June 26-27, Offshore Network caught up with operators Cairn, Pakistan Petroleum and ONGC to discuss well intervention activity, P&A projects and the importance of technology development for the region: https://tinyurl.com/yd9ewl28
With the well intervention market expected to grow globally from an estimated USD 8.18 billion in 2017 to USD 9.85 billion by 2022, the Asia Pacific is one of the region set to most benefit from this wave of activity as it combines all 3 factors driving the upsurge: a rise in energy demand, an increase in oil & gas production and a need to revitalize aging fields. It is therefore crucial for well service companies and tooling providers to understand operators’ needs and map out which projects could benefit from their services and equipment.
Our latest interview therefore aims to offer:
- An analysis of current integrity & production enhancement projects to understand technical challenges and the scope of work available to Asia Pac well service companies
- A discussion of the extent to which P&A activity is currently a priority and how operators are planning for upcoming campaigns
- A list of required technologies and how these can improve efficiency and reduce the cost of well intervention projects, as well as the role operators should play in technology development and innovation