NEWS AND PUBLICATIONS

InterAct on Rigless Well Intervention

InterAct and Intermoor offer rigless solutions for well intervention. No rig? No problem!! The partnership of InterAct and InterMoor illustrates the power of combined resources. Utilizing cutting edge technology, they have implemented the ISLS (InterMoor Subsea Lubricator System). The ISLS is the most advanced and cost-effective method for subsea well intervention. Read more here >>.

Oil & Gas UK Helps Mobilize Well Abandonment Technologies With New Study

In a report published in March 2009, Oil & Gas UK highlights the £15 billion ($25 billion) market for services needed to abandon nearly 5,000 platform and subsea wells on the UK continental shelf (UKCS). The report, which was prepared by the Acteon company InterAct Activity Management Ltd (InterAct) with the help of Oil & Gas UK's well abandonment workgroup, also identified that existing technology will allow the abandonment of only two thirds of wells without the use of a rig. The rigless abandonment of the remaining one third will be reliant on the development of new technologies. Read more here >>.

Slot Recovery and Field Optimization - InterAct, Claxton, and CIS Deliver Comprehensive Service

As reservoirs are depleted, production from specific wells may no longer be financially viable. Operators can cost-effectively drill new, more productive wells and extend platform and field life by reclaiming slots from underperforming wells. By combining their strengths, InterAct, Claxton, and CIS (Acteon group companies and recognized leaders in their fields) have established a strong track record in managing and executing the different phases of the slot-recovery process – from field redevelopment, the planning of abandonments and P&A, through to new slot delivery and installing the conductors. To download brochure, click here >>.

InterAct on Cutting Subsea Plug and Abandonment Costs - in Offshore Magazine

Offshore Magazine interiewed Wes Spincic, vice president of well operations and intervention for InterAct, for an article on cutting subsea P&A costs. "If you can do your well P&A and decommissioning for less than what is on your books, it actually comes back as income," says Wes Spincic. "So, it's possible you could make money with a decommissioning." Read more here >>.