Five More Years for the Well Intervention and Stimulation Alliance

In the ever-evolving landscape of the oil and gas industry, strategic alliances are becoming the cornerstone of innovation and efficiency. The recent extension of the Well Intervention and Stimulation Alliance between Aker BP, SLB, and Stimwell Services for another five years is a testament to this trend. This alliance, formed in 2019, has already achieved remarkable milestones, setting new benchmarks for safe, efficient, and cost-effective operations. As the industry faces increasing pressure to optimize production and reduce emissions, this alliance is poised to lead the way in transforming offshore well intervention and stimulation.

The alliance's success can be attributed to its unique approach, which combines collaboration, digitalization, and innovative technology. Over the past five years, the partners have achieved significant milestones, including simultaneous operations using jack-up rigs, a reduced backlog of locked-in barrels, and the world's first autonomous intervention operation. These achievements have resulted in increased productivity, lower risk, and improved success rates, all of which are critical for maintaining world-class performance in the industry.

Looking ahead, the alliance strategy remains firm: to transform offshore well intervention and stimulation. Over the next five years, the partners aim to continue delivering top-quartile performance while further developing future-proof capabilities. This includes scaling up digital transformation through deeper integration between subsurface and operational domains, expanding the use of Aker BP's Integrated Operations Centre for remote operations, and accelerating the deployment of new technologies.

One of the key innovations planned by the alliance is the use of a newly upgraded stimulation vessel to optimize the new Valhall PWP wells. This vessel will play a crucial role in putting wells on stream across Aker BP's field development projects, contributing significantly to future production. The alliance's focus on digital transformation and remote operations aligns with the broader industry trends towards automation and data-driven decision-making. By leveraging digital workflows for planning and execution, the alliance can monitor and control operations from a central location, reducing the need for on-site personnel and improving efficiency.

The alliance's commitment to innovation is further validated by the recognition of SLB's technologies in the 2024 Gulf Energy Information Excellence Awards. SLB's Multicycle System for Actuated Response (MSAR) and Autonomous Well Intervention technologies were honored, demonstrating the alliance's commitment to driving progress through innovation. The MSAR technology, for example, simplifies and improves the efficiency of downhole operations by enabling precise, surface-commanded fluid diversion, while the Autonomous Well Intervention technology enables significant improvements in success rates and operating speeds while reducing CO2 emissions and operational costs.

The extension of the alliance for another five years positions Aker BP, SLB, and Stimwell Services as leaders in technological innovation and operational efficiency in the oil and gas industry. The alliance's focus on digital transformation, remote operations, and the deployment of new technologies ensures that the partners will continue to drive progress and deliver value through increased oil production and reduced emissions.



In conclusion, the extension of the Well Intervention and Stimulation Alliance for another five years is a significant development in the oil and gas industry. The alliance's commitment to innovation, digital transformation, and operational efficiency positions it as a leader in the industry, poised to drive progress and deliver value through increased oil production and reduced emissions. As the industry continues to face complex challenges, the alliance's focus on collaboration, trust, and innovation will be crucial in shaping the future of the industry.