Offshore Network has released the Wells Latin America 2024 Outlook that reviews the region's intervention and decommissioning drives, while considering the wave of new technology revolutioninsing the industry. 

The push behind these industry innovations come from watchdog organisations such as the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) or Brazilian Institute of Environment and Renewable Natural Resources (IBAMA), which make sure that exploration and production activities are being carried out in a responsible and sustainable manner. 

In Brazil, Petrobras have approximately 500 well interventions planned over the next 10 years, and also a significant decommissioning workload, which it has outlined in its 2024-2028 strategic plan. To achieve these feats, the company is actively researching cost-effective means to go about the task. Petrobras has plans to introduce thermite melting delivery in its operations this year. If all goes well, through tubing thermite P&A (TT P&A) delivery is expected by 2026, and the company is eyeing up the prospect of adopting self-abandonment technology by 2030. 

The region's growing well intervention industry is taking inspiration from North Sea, where companies such as BiSN and RockSolid are introducing fresh approaches to well services. BiSN’s wel-lok technology, for example, uses bismuth as permanent seal for P&A operations, while RockSolid uses organic well barriers, eliminating the need for rigs or heavy equipments. 

Reflecting on these landmark industry transformations that are currently sweeping through the region, Wells LATAM 2024 conference promises fully-rounded discussions and engaging exchanges.