Statoil Wins Well Intervention Award

Senior discipline leader John Haukvik accepted the prize on behalf of the group at the annual European coiled tubing and well intervention round table, which was held in Aberdeen last week. "This is a recognition of our whole team," he says. "It shows that we're a leader in the area." Statoil has developed the well tractor intervention tool, and was the first to adopt this solution.

Its Statfjord field in the North Sea, for instance, is saving NOK 250 million per year by using the well tractor in place of other intervention methods to maintain wells.

"Well intervention adds value and is a priority area for us," explains Mr. Haukvik. "The number of mature fields we operate is steadily rising, and the challenge is to get as much as possible from the wells. Intervention is essential in achieving a high recovery factor." He adds that such technology also helps to extend the producing life of a field.

At the award ceremony, Statoil was said to be among the front runners in developing intervention solutions. The group was also acclaimed for its openness and willingness to share its experience with the rest of the industry.