The demand for riserless light well intervention (RLWI) is increasing along with the rising number of subsea wells in need of certain kind of interventions that include repair, plug zone isolation, measurements, chemical treatments and scale removals. Since past three years such services have been operating and being improved on yearly basis. Recently, the Norwegian operators have made a long term commitment to attain a RLWI service for a single provider for the duration of 5 years. Also, there are around 300 other operating subsea wells that are functioning in deep sea and Arctic provinces in order to improvise these services. The new technologies deployed include composite cables, systems, coiled tubing from light vessels and innovative well control systems. In the past, certain kind of well intervention was required to fix the large gaps that were found between the wells on fixed subsea wells and platforms. Therefore, the requirement for riserless light well intervention arose which is still anticipated to operate across the borders. RLWI system is a kind of subsea well access system that can also be called as vessel based well access system. It uses a subsea lubricant to access well with the aid of ROV’s which operates from the dynamically placed vessel.
Reduction in the cost of operation is considered to be the chief factor driving the growth of RLWI market. These kinds of technologies help in processing cost efficient performance into already existing subsea wells, hence resulting in surplus production volumes through the mature subsea fields at extraordinarily competitive cost. The conversion of drilling rigs to light monohull through work of well intervention reduces the cost of well intervention drastically thus, enabling the mega intervention work and gradually increases recovery of oil. Further, the long term agreement between service providers and operators has facilitated into long term alliance in RLWI services.
The riserless light well intervention market is segmented on the basis of submarkets and usage. The submarket segment is further bifurcated into pressure sensors. These pressure sensors in oil & gas industry are used to monitor the gas pressure and are very useful in the drilling rigs. Whereas, the usage are further segmented into upstream, mid-stream and downstream oil & gas. The rising onshore interventions are primarily driving the market due to the recovery rate whereas in case of onshore wells is more impactful than offshore and facilitates in performing the intervention effectively by saving time and cost. Globally, the market is segmented in five major provinces viz, North America, Latin America, Europe, Asia-Pacific and Middle East and Africa (MEA). North America is the leading market for riserless light well intervention globally followed by Asia-Pacific.
Conventional well operations are less costly than the drilling rigs for the utilization of intervention operations in subsea wells. Hence, well interventions like PLTs are not accomplished as required from gathering of data point with less reservoir understanding. Therefore, the latest riserless light well intervention alliance comprises of strong basis for lowering the price. However, amalgamation of new technologies with traditional technologies can restrain the market growth. Nonetheless rapid industrialization is anticipated to generate huge opportunities for the RLWI market.
The requirement for riserless light well intervention arose which is still anticipated to operate across the borders. The riserless well intervention market has several companies competing in the ecosystem; some of the major players in the market are Statoil ASA, Sapura Kencana Well Services, FMC Technologies, Aker Solutions, Helix Energy Solutions Group Inc. and FTO Services among others.
Market by Usage
· Upstream oil & gas
· Mid-stream oil & gas
· Downstream oil & gas
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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