OFFSNET OFFSNET
  • Home
  • About
  • News
    • Asia Pacific
    • Australia
    • North America
    • Latin America
    • Middle East
    • Europe
    • West Africa
  • Reports
  • Careers
  • Team
  • Contact
  • Conferences
    • Upcoming Conferences
OFFSNET OFFSNET
  • Home
  • About
  • News
    • Asia Pacific
    • Australia
    • North America
    • Latin America
    • Middle East
    • Europe
    • West Africa
  • Reports
  • Careers
  • Team
  • Contact
  • Conferences
    • Upcoming Conferences

Sign up for our newsletter

Please enter your details

Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Asia Pacific
Australia
North America
Latin America
Middle East
Europe
West Africa
{loadmoduleid 1581}

Asia Pacific

Image_of_offshore_depth_reached_by_3M_ceramic_sand_screen
3M Ceramic Sand Screens have saved PHM up to 50% cost. (Image source: Adobe Stock)

3M Ceramic Sand Screen

  • Region: APAC
  • Topics: Well Intervention
  • Date: 14 May, 2025

3MsandscreenMaterial science and technology provider, 3M, has released via Offshore Network a case study illustrating how an Indonesian oil and gas corporation Pertamina Hulu Mahakam (PHM) deployed Ceramic Sand Screen to cost effectively unlock marginal field assets 

While coiled tubing-deployed chemical sand consolidation (SCON) or slickline deployed through tubing metallic screens are the conventional approaches to sand control at PHM, they are limited by its operating envelope and technical constraints. There is a need identified to unlock production with a change in filter media material.

3M Ceramic Sand Screens have saved PHM up to 50% cost over SCON solution and delivered 200% higher productivity than through tubing metallic screen solution by integrating 3M advanced ceramic materials into a sand screen assembly.

Assets like in Tunu and Peciko, reservoirs are marginal and multi-layered sand series which are highly unconsolidated and poorly sorted sands with an average of 20 to 30% porosity. 3M Ceramic Sand Screen have been initially trialed in these conditions and enabled in optimising sand control completions.

Within a span of 4 years, more than 80 wells in various fields of PHM have been successfully replicated.

Download the case study to learn about:

*How 3M solution has impacted to unlock production from marginal assets

*How material change enables optimised and cost-effective sand control completions

*How 3M material science empowers and contributes to their energy customers to develop improved, safer and more sustainable solutions

Click here to learn more.

image_shows_Valeurs_Energy_taking_final_investment_decision_on_Wassana_field_redevelopment
The company expects to spend US$40mn on the Wassana redevelopment project. (Image source: Adobe Stock)

Valeurs Energy takes final investment decision on Wassana field redevelopment

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 16 May, 2025

Valeura Energy Inc has taken a decision on investing in the redevelopment of the Wassana field in the offshore Gulf of Thailand

The investment is expected to create a significant value for shareholders. Currently, the production from the field is carried out through a MOPU facility whose life is expected to finish at the end of 2027. The facility is also limited in the number of future development wells that could be drilled and has insufficient oil and fluid processing capacity to recover the expected reserves and resources of oil in the G10/48 licence.  

The Company has reviewed a number of different redevelopment concepts for the Wassana field and has selected a new central processing platform (CPP) with 24 production well slots as the optimal development concept to yield both the highest financial returns and the maximum total recoverable oil from the G10/48 licence. The new CPP will replace the existing MOPU production infrastructure and is expected to allow for a more holistic commercialisation of the field’s oil reserves, both by enabling more aerially extensive drilling reach and also by way of a longer facility design life, resulting in more years of cash flow generation.  

The Company has selected Thai Nippon Steel Engineering & Construction Corporation Ltd, recognised for being a very capable Engineering, Procurement, Construction, and Commissioning (EPCC) contractor with four decades of experience in developing similar type of facilities in Thailand. Following the completion of the initial development wells, the Wessana field is expected to produce oil at rates of 10,000 bbls/d in the second half of 2027.

The company expects to spend US$40mn on the Wassana redevelopment project, with their guidance for Adjusted Capex being revised to US$165mn to US$185mn for the full year 2025, with free cash flow guidance also being provided. 

An_offshore_oil_rig
2025 developments point toward a growth potential for the market

What does Vietnam’s oil well intervention landscape look like in 2025?

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 07 May 2025

AdobeStock 366812869

Vietnam’s oil and gas sector is at a crossroads in 2025, with new discoveries, ageing fields, and geopolitical tensions contrubuting to its 2025 outlook.

The country's state-owned National Energy and Industry Group (formerly known as PetroVietnam) is driving upstream activities. This means that interventions like workovers, stimulation, and coiled tubing are becoming critical to sustaining production.

Key 2025 developments point toward a growth potential for this market. 

In January 2025, Murphy Oil Corporation announced a significant oil discovery at the Hai Su Vang-1X well in the Cuu Long Basin, located 40 miles offshore Vietnam. 

Drilled to 13,124 ft, the well revealed 370 ft of net oil pay, with appraisal drilling planned.

Such discoveries demand early interventions such as hydraulic fracturing or perforating to optimise reservoir flow, creating new opportunities for service providers. 

In the same month, EnQuest reached an agreement to pay US$84mn to acquire Harbour Energy's offshore Vietnam oil and gas production business.

It consists of a 53.125% interest in the Natuna Sea's Chim Sáo and Dua fields, which were both first produced by Premier Oil.

The deal, set to close in Q2 2025, could spell intervention’s role in mature fields.

Producing 5,300 boe/d, these fields have “significant upside potential” through water injection optimisation and reperforation, according to EnQuest.

On the other hand, major projects, like the US$740mn Block B gas field led by Mitsui Oil Exploration, could drive intervention demand.

With production expected to begin in 2026, Block B, located about 330 km southwest of the country, may require coiled tubing cleanouts or scale removal during commissioning.

Vietnam’s 2022 Petroleum Law and CPTPP framework further attract foreign investment, with PetroVietnam’s US$1bn 2024-2025 plan supporting upstream activities. The law includes revised tax incentives, such as a corporate income tax rate of 32%, where previously it was 50%. And, a crude oil export tax rate of 10% (where previously it ranged between 6 and 25%).

Challenges ahead

Vietnam’s ageing fields, like the Bach Ho field in the Cuu Long Basin, operated by Vietsovpetro since the 1980s, face declining output.

National oil production is projected at 177.76 thousand barrels per day in 2025, according to Mordor Intelligence. 

Worldwide, according to Rystad Energy, operators are turning to cost-effective interventions like workovers, artificial lift, or chemical treatments rather than costly new drilling.

A country like Vietnam, which ranks 37 in oil production globally, could certainly follow this trend.

This shift is amplified by oil prices falling this May due to OPEC+ production hikes, making interventions a budget-friendly way to sustain output.

Advanced technologies, such as digitalised wireline and riserless systems, can enhance intervention efficiency, thereby drawing global contractors to Vietnam’s basins.

By leveraging cost-effective technologies and partnerships, service providers can capitalise on demand from mature fields and new wells.

image_shows_decommissioning_challenges_that_need_to_be_tackled_in_southeast_Asia
Only a handful of southeast Asian countries are involved in decommissioning activities, making their overall experience limited. (Image source: Adobe Stock)

Tackling southeast Asia’s top three decommissioning challenges

  • Region: Asia Pacific
  • Topics: Decommissioning
  • Date: 05 May, 2025

AdobeStock 642387134

More than 200 offshore fields comprising of over 1,500 platforms and 7,000 wells are expected to curb production by 2030, signalling an urgent need for clarity in regard to decommissioning regimes. 

Despite the task size, only a handful of southeast Asian countries are involved in decommissioning activities, making their overall experience limited. Adding to this challenge, are the following three region-specific issues: 

  • Inconsistent regulatory framework: Domestic legislation and approach to international conventions are not consistent across regions. This means that southeast Asian country has its own requirement for decommissioning. For example, while Malaysia is a part of numerous international decommissioning conventions, regulations indicated in these treaties have not been incorporated into domestic law.
  • Difficultly associating legal entity with decommissioning liability: The older concession agreements or PSCs did not provide for decommissioning of the offshore installations, which meant that they could not clearly identify the entity with liability for decommissioning in each case. Moreover, while there are many joint development agreements (JDAs) or arrangements between States or NOCs and oil and gas companies, there is however, a lack of any standard forms of agreement.
  • Dearth of experience: Given the immature nature of southeast Asia’s oil & gas industry, the number of regional contractors who exhibit an experience in decommissioning are relatively low. Additionally, owing to shallow water depths and tropical climate, most offshore structures in the region are susceptible to dense marine growth. This is a major challenge that southeast Asia faces, which also hampers the undertaking of decommissioning projects by national and international contractors. 
Oil_rig_workers
The company reported revenue of $391 million for the three months. (Image source: Canva Pro)

Expro Group reports Q1 2025 results, highlights APAC trends

  • Region: Asia Pacific
  • Topics: Well Intervention

 

apacowiExpro Group Holdings N.V., a leading energy services provider, has announced its financial and operational results for the first quarter of 2025, revealing a revenue decline but highlighting technological advancements and new contract wins.

The company reported revenue of $391 million for the three months ended 31 March 2025, down 11% from US$437mn in the fourth quarter of 2024, reflecting seasonal and market challenges.

The US$46mn revenue decrease was driven by reduced activity in the North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), and Asia Pacific (APAC) segments, though modestly offset by higher activity in the Middle East and North Africa (MENA) segment.

Consistent with historical trends, the winter season in the Northern Hemisphere and budget cycles of national oil company clients negatively impacted revenue and profitability.

“While 2025 is expected to be a transition year for the energy services industry, the outlook for oil and gas investment and Expro remains quite compelling for the rest of the decade, so we are cautious about the near-term and more bullish over the medium- to long-term,” said Michael Jardon, CEO.

“That said, we will size our support structure, capital expenditures and other investments accordingly, so cost and capital discipline will be key themes at Expro until we have better clarity around the direction of international and offshore markets, and the timing of deepwater projects that we expected to be sanctioned in the second half of 2025 and into 2026.”

Technological innovation

Expro showcased its commitment to advanced technology with notable deployments in Q1. The company successfully introduced its CENTRI-FI™ consolidated control console in Indonesia, enabling fully integrated tubular running services (TRS) operations from a single tablet, reducing personnel presence on the rig floor.

Strategic contract wins in APAC

In the APAC region, Expro secured significant contracts, including a three-year deal worth over US$15mn to provide combined e-line cased hole and slickline services across 315 wells.

Additionally, a two-year contract valued at over US$8mn was signed in Brunei to deliver well metering services, leveraging advanced solutions like QPulseTM, Sonar Meter, and Multiphase Flow Meters.

This agreement, which began in February 2025, strengthens Expro’s role in optimising client production through precise well flow measurement.

However, APAC revenue fell 19% to $51 million from US$62mn in Q4 2024, driven by reduced subsea well access, well flow management, and well construction activity in Australia, as well as lower well intervention and integrity work in Brunei and Malaysia.

Segment EBITDA for APAC was US$11mn, or 21% of revenues, down from US$15mn, or 25% of revenues, in the prior quarter, due to lower activity and an unfavourable activity mix.

image_shows_market_segmentation_in_the_APAC_Well_Intervention_Market
The future scope of the APAC Well Intervention Market points towards further expansion as exploration and production (E&P) activities in the region continue to thrive. (Image source: Adobe Stock)

APAC well intervention market sees potential for growth

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 24 Apr, 2025

owiapac1

The Asia Pacific (APAC) offshore well intervention market is witnessing significant growth, given the advancements in technologies that are capable of boosting operational efficiency while reducing operator costs.

The future scope of the APAC Well Intervention Market points towards further expansion as exploration and production (E&P) activities in the region continue to thrive. The integration of automation and digitalisation in well intervention processes is expected to play a major role in driving market growth. Moreover, rising offshore production activities, especially in countries with untapped hydrocarbon reserves, are projected to offer lucrative opportunities for well intervention services.

Environmental regulations and a focus on sustainable production will also influence the adoption of advanced technologies and efficient well management practices. This evolving market landscape presents ample growth potential for stakeholders in the APAC Well Intervention Market in the years to come. 

 

image_shows_well_drilling_technologies
Numerous technologies and equipment have been developed towards the drilling and completion of deep and ultra-deep wells. (Image source: Canva)

Emerging technologies focusing on deep and ultra deep well drilling and completion

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 17 Apr, 2025

offshore well canva

A number of technologies and equipment have been developed towards the drilling and completion of deep and ultra-deep wells.

Rock breaking technology 

This technology is developing towards composite bit, special-shaped tooth PDC, adaptive bit, intelligent bit, electric drill, real-time optimisation and non-contact rock breaking.

Drilling fluid technology 

This technology is developing towards higher efficiency, whole process clean and environmental protection, intelligence and recycling; ultra-high temperature, extremely low temperature, nanometer, strengthening borehole wall materials and intelligent treating-agents will occur; and the integrated lost circulation resistance and plugging of malignant thirsty formations containing vugs or fractures will develop towards online performance measurement and control, automatic closed-loop solid control and automatic mud preparation system. 

Cementing technology 

This technology is developing towards operation automation, information, intelligence and whole life cycle control of cementing process; cementing materials are developing towards ultra-high temperature, functionality, safety, environmental protection and adaptability; and cementing tools are developing towards high stability and high reliability under complex process conditions.

Coiled tubing operation and drilling 

Coiled tubing operation is developing towards well logging, cementing, completion fracturing, downhole operation integration and deep ultra-deep layers, while coiled tubing drilling is developing towards intelligent measurement and control while drilling and closed-loop steering drilling

image_shows_offshore_platforms_being_turned_into_reefs
The rigs-to-reefs movement was introduced as a potential solution, with several countries in the APAC region implementing these programmes successfully. (Image source: Adobe Stock)

Turning offshore liabilities into environmental assets

  • Region: Asia Pacific
  • Topics: Decommissioning
  • Date: 14 Apr, 2025

apac oil rig

Removing abandoned offshore platforms are a major hassle, but converting these ageing infrastructure into reefs are an efficient and eco-friendly way to tackle this issue. 

In the Asia-Pacific (APAC) region alone, there are more than 2,500 platforms that are awaiting decommissioning in the coming decade. Removing these huge structures not only take time, but is also likely to disrupt marine life. The rigs-to-reefs movement was introduced as a potential solution, with several countries in the APAC region including Thailand and Malaysia implementing these programmes successfully. 

These platforms boost biodiversity by offering shelter, breeding grounds and feeding areas for marine organisms like fish, corals and invertebrates, with their metal frames in particular, being a key habitat to numerous marine communities. 

Despite its advantages however, reefing does not come without risks. For example, several questions have been raised about the impact of these structures on natural marine patterns, migratory species and surrounding habitats. Moreover, regulators are often hesitant about adopting reefing programmes due to concerns surrounding long-term liability and public trust. 

In order to tackle these issues, environmental agencies have there began monitoring these artificial reefs to keep a check on marine health. On the whole, reefing has received mixed reactions. While some have called this as a ‘creative problem-solving’ initiative, others have accused the oil and gas industry of using the technique as a way of stepping aside from taking environmental responsibility. 

As reported by Earth.org, this approach however has a promising future, as it balances financial realities with sustainability. 

Image_of_Paul_Vettese_with_Oilenco's_logo_in_the_background
Paul Vettese will lead the development and execution of Oilenco’s business strategy across Asia Pacific. (Image source: Oilenco)

Oilenco strengthens APAC presence with Paul Vettese

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 10 April, 2025

OilencoOilenco Ltd has announced the appointment of Paul Vettese as its new Business Manager for the Asia Pacific region.

Paul brings over 25 years of oil and gas experience to the role, including a decade spent leading sales teams for a global well intervention services provider in Asia Pacific. His extensive background makes him well-positioned to support Oilenco’s strategic growth and regional development plans.

Oilenco designs, engineers, and manufactures specialised downhole tooling to support oil and gas operations worldwide. Its comprehensive portfolio of well intervention solutions is designed to help operators reduce operational time and costs.  The company’s innovative solutions are used globally across various offshore assets to enhance well access, intervention, and recovery operations.

In his role, Vettese will lead the development and execution of Oilenco’s business strategy across Asia Pacific. He will oversee the company’s regional direction and growth initiatives, drive new business opportunities, and strengthen relationships with existing clients throughout the region.

Blair McCombie, Operations Director, remarked, "The company is entering an exciting phase of growth, with clear ambitions to expand internationally. With Paul joining the team, we look forward to strengthening our presence across Asia Pacific and expanding our global footprint."

“Having spent the past decade leading sales across the Asia Pacific region, I’ve developed a deep understanding of the market dynamics, client expectations, and the technical challenges operators face. I’m excited to bring that regional insight and network to Oilenco, and to play a key role in expanding the company’s footprint by aligning our innovative solutions with the specific needs of customers throughout Asia Pacific,” added Paul.

image_shows_decommissioning_platform_in_southeast_Asia_highlighting_challenges_being_faced_in_the_region
With decommissioning activities being limited to southeast Asia, challenges have become tougher due to three key issues. (Image source: Adobe Stock)

A look into southeast Asia's decommissioning challenges

  • Region: Asia Pacific
  • Topics: Decommissioning
  • Date: 07 April, 2025

AdobeStock 642387143 2

Decommissioning activities have been limited in southeast Asia, with only a handful of countries being able to point to any decommissioning work in the last 20 years and the challenge has become tougher due to three key issues.

Lacking regulatory framework

There is a general inconsistency regarding the approach to international conventions relevant of the decommissioning of offshore installations. International treaties do not have a force of law in every signitory country and the approach taken is inconsistent across the region. Domestically, the decommissioning requirements for southeast Asian nations may vary, depending on various factors. For example, in Indonesia, the implementation of Oil and Gas Law No 22 of 2001 meant that every production sharing agreement (PSC) must contain provisions with respect to post-operation obligations. Another example is Thailand, where the PSC contractor is expected to provide a security deposit, the value of which is approved by the Director General.  

Difficulty identifying legal entity with liability

In each case, identifying the entity with liability for decommissioning is not a necessity. New legislation with respect to decommissioning may have an impact on the older concession agreements, PSCs or risk service agreements, subject to the terms of each relevant agreement, and whether the legislation has retrospective effect. In practice, they often lack clarity. There are a many such development agreements or arrangements between States or NOCs and oil and gas companies. However, there is no standard form of agreement; these are usually bespoke agreements, subject to different rules and covering different activities. Unless they are clear on decommissioning liabilities at the end of the JDA term, they would likely give rise to additional difficulties.

Lacking significant decommissioning experience 

Since southeast Asia's oil & gas industry is immature when compared to other areas, there arise certain challenges that may not be the case in other areas. A lack of experience is often related to a lack of understanding of the decommissioning cost. Despite an operator or contractor contributing to a decommissioning fund, it is unlikely that the fund would be adequate. 

image_shows_decommissioned_oil_and_gas_platform_that_can_be_used_as_green_energy_hubs
Using existing wells can help maintain employment in the area while also allowing communities to be part of the energy future. (Image source: Adobe Stock)

Oil and gas platforms as green energy hubs

  • Region: Asia Pacific
  • Topics: Decommissioning
  • Date: 28 March, 2025

AdobeStock 834881978 1

To help the world transition to net zero, decommissioned oil and gas platforms can be repurposed into green energy hubs.

This includes offshore rigs for carbon capture and storage or storing and transporting hydrogen, a type of sustainable fuel that doesn’t emit carbon when it is burned. A report published on the World Economic Forum suggested using legacy oil platforms to produce green hydrogen, which is generated using renewable energy.

Scientists have said that resusing depleted oil and gas wells would allow operators to access geothermal heat in hot rock formations, eliminating upfront costs of drilling new wells and potentially making the technology more appealing to the industry.

Moreover, researchers have suggested that repurposing depleted oil and gas wells may significantly help mitigate potential environmental impacts of abandoned wells and allow operators to access geothermal heat in underground rock formations. It also provides new job opportunities in areas with rich energy industry traditions.

According to Arash Dahi Taleghani, professor of petroleum and natural gas engineering at Penn State, using existing wells can help maintain employment in the area while also allowing communities to be part of the energy future.

 

 

An_offshore_oil_rig
Petronas is ramping up operations in Sabah. (Image source: Canva Pro)

Borneo Oil secures Petronas vendor status in Malaysia's Sabah region

  • Region: Asia Pacific
  • Topics: Well Intervention
  • Date: 25 March, 2025

owiapac1

Borneo Oil Bhd, through its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd (BOS), has been selected as a vendor by Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil and gas giant, marking a significant step forward for local participation in Sabah’s energy sector.

Announced on 24 March, this development comes alongside a strategic collaboration with Intercontinental Strait Energy Technology Co Ltd (SETC), a leading Chinese drilling consultancy, to jointly bid for drilling and well intervention projects in the region.

The partnership, formalised 20 March, positions BOS and SETC—a Chengdu-based firm specialising in drilling optimisation, completion, and reservoir management—to compete for contracts that include consultancy, supervision, and services for drilling, workovers, stimulation, and real-time drilling monitoring. Borneo Oil emphasised SETC’s expertise as China’s largest drilling-management consultancy, highlighting the potential for this alliance to bolster Sabah’s oil and gas capabilities. This move aligns with Petronas’ broader efforts to ramp up operations in Sabah, a region critical to Malaysia’s energy ambitions.

The Sabah project

Sabah, located on the northern tip of Borneo, is a cornerstone of Malaysia’s oil and gas industry, holding an estimated 1.5 billion barrels of oil (25% of the nation’s reserves) and 11 trillion cubic feet of gas (12% of total gas reserves). Petronas’ operations in Sabah centre on both sustaining production from mature fields and unlocking new potential through exploration and development. A key recent milestone is the signing of two production sharing contracts (PSCs) by Petronas Carigali Sdn Bhd (PCSB) for the SB412 and 2W blocks offshore Sabah. These blocks, encompassing nine fields, are part of the 2024 Malaysia Bid Round and leverage existing infrastructure like the Samarang Asam Paya and Erb West hubs.

While these PSCs focus on exploration and development, they set the stage for well intervention and maintenance—areas where vendors like BOS and partners like SETC could play a role. Petronas’ goal is clear: increase national production to two million barrels of oil equivalent per day (MMboe/d) to meet rising domestic demand, which hit 929,556 barrels per day in December 2023. Sabah’s deepwater and marginal fields are pivotal to this target, with intervention work like workovers and stimulations often required to optimise ageing assets.

Petronas’ ramp-up in Sabah extends beyond new blocks. The company’s Activity Outlook 2025-2027 forecasts 69 development wells in 2025 (up from 56 in 2024) and an average of 367 Facilities Improvement Plans (FIPs) annually through 2027. In Sabah, FIPs target rejuvenation and well maintenance—key intervention activities—for fields like Samarang, which produces 36,000 boe/d. This surge reflects Petronas’ response to natural decline and the need to maintain output, especially as Sabah’s mature fields age.

Further boosting local involvement, Petronas celebrated vendor growth in Kota Kinabalu on 23 January, with the Sabah government. Four Sabahan vendors, including those tied to “Integrated Well Continuity Services,” secured contracts for well interventions, abandonments, and workovers. This follows a trend of increasing local contract awards, which jumped from US$141mn (RM613 million) in 2021 to over US$460mn (RM2 billion) recently, with ambitious 2025-2027 targets to double Sabahan OGSE (Oil & Gas Services and Equipment) contracts and boost local job awards by 50-100%.

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Page 1 of 10

Linkedin
Twiter
Contact Us

Quick Links

  • Reports
  • Conferences
  • Contact
  • Terms & Conditions

Latest Update

  • SLB's newest digital platform aims to boost well performance
  • 3M Ceramic Sand Screen
  • Woodside sets off major contracts for Trion deepwater development in Mexico
Address: University House, 11-13 Lower Grosvenor Place,
Westminster, London, SW1W 0EX
Phone: UK: + 44 (0) 20 3411 9937
Email: info@offsnet.com
Newsletter

Get the latest newsletter

Make your offshore journey smooth sailing by subscribing with us, and never miss an update again!

Invalid Input
Invalid Input

Copyright © 2025 Offshore Network