SAPURAKENCANA will work with GE Oil & Gas across the Asia Pacific for the delivery of light well intervention services under a new memorandum of understanding.
GE said the alliance would enable operators to bring the wells into production and 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.
GE Oil & Gas global leader of subsea services and offshore Nick Dunn said the volume of hydrocarbons typically extracted from offshore fields with subsea wells was normally lower than those of platform wells due to the prohibitive cost of performing interventions.
‘’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,” he said.
“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.”
Mr Dunn said the project, which was already in operation, would initially focus on Australian waters.
SapuraKencana Petroleum senior vice president of engineering and construction Vivek Arora said his company was excited to be working with GE Oil & Gas in the region.
“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,” he said.