A total of 150 upstream multinational oil and gas companies are set to participate in the West Africa Offshore Well Intervention (OWI WA) Conference in Accra which comes off in June.
Participating companies include Tullow Oil, Exxon Mobil, Shell Nigeria, Chevron Nigeria, British Petroleum (BP) Angola, Sanongol Group, and Marathon Oil among others.
This will present a perfect opportunity for various joint ventures between Ghanaian exploration firms and their multinational oil and gas counterparts to utilize various innovative technical and economic strategies that enhance well performance in collaboration with each other.
The upcoming conference will serve as a platform to hear from regional and international offshore operators and well service companies at the cutting edge of subsea innovation as they present their most recent well intervention projects as well as share reliable insights on the challenges and opportunities facing the West African offshore market.
Importantly the conference will offer options with regards to the most cost-effective well drilling and maintenance services. Currently, it costs between US$30 million to US$70 million to drill one upstream well and maintenance is an essential element to maintain the longevity of the wells’ lifespan.
The event will enable upstream operators in the sub-region to learn the latest industry developments; take advantage of new networking opportunities and potential partnerships with West Africa’s leading operators and service providers to explore deepwater solutions for efficient operations in the region; and discuss various topics aimed at developing the sector.
Topics to be discussed during the occasion include light and heavy well interventions, well integrity, good intervention mechanisms, production enhancement as well as logistics and supply chain strategies.
The activity will allow operators to hear first hand case studies of recent campaigns within the region as presenters will explain the main challenges in the sector, how they solved them as well as giving other operators insights into improving future well intervention strategies.
The West African Offshore Well Intervention Conference was launched as a meeting point for industry stakeholders, regulators, operators and service companies to discuss the opportunities, and discover innovative approach aimed at improving well performance in the region.