In 2019, Aker BP, SLB, and Stimwell Services entered into a five-plus-five-year tripartite agreement to form the well intervention and stimulation alliance, aiming to accelerate and enhance oil production. On April 2, 2025, the three companies renewed this alliance, signing a new agreement at Aker BP’s headquarters in Fornebu, with all CEOs present at the ceremony.
The alliance has helped Aker BP meet production goals across its operated assets through close collaboration, digital innovation, and the use of advanced technologies. It has unlocked several industry milestones, including simultaneous operations using jack-up rigs, a reduction in locked-in barrels, and what Aker BP calls the world’s first autonomous intervention operation.
Karl Johnny Hersvik, CEO of Aker BP, commented, “Strategic partnerships are essential to shaping the future of our industry. At Aker BP, we remain committed to the alliance model, which creates value through long-term collaboration. It enables us to increase productivity, maintain world-class performance, and deliver oil and gas with low cost and low emissions. This is how we position ourselves as the E&P company of the future.”
According to Aker BP, digital workflows now handle planning and execution, resulting in improved productivity, reduced risks, and higher success rates. The alliance will maintain its focus on transforming offshore well intervention and stimulation over the next five years, with plans to deepen the integration between subsurface and operational teams, expand remote operations through Aker BP’s Integrated Operations Centre, and fast-track the adoption of new technologies.
Sami Haidar, Managing Director at StimWell Services, emphasized, “Stimulation has been critical in unlocking and increasing the recovery from tight reservoirs such as Valhall. During the last five years, the alliance working together, managed to successfully develop very tight areas of the field, by using innovative technology which significantly reduced the execution time, and CO2 footprint and making it economic.”
The alliance is also expected to play a significant role in bringing wells online in Aker BP’s ongoing field development projects. A newly upgraded stimulation vessel will be deployed to optimise output from the new Valhall PWP wells, contributing meaningfully to the company’s future production.
