Reports

Optimisation is the buzzword in the global offshore industry as most operators are prioritising maximum yield and uptime from acquired assets over investing in new ones. Players in the Middle East and North Africa (MENA) region are increasingly focusing on offshore expansion projects to secure maximum sustainable crude capacity. Budgetary allowances are shifting from building new infrastructure to extended reach drilling, including horizontal and directional drilling methods.

Brazil’s offshore wells market is evolving from a focus on rapid production growth to full lifecycle management. While investment in pre-salt developments continues to drive output, operators are increasingly prioritising well intervention, integrity management, production optimisation and eventual decommissioning. Tight rig availability, ageing infrastructure and growing abandonment obligations are accelerating adoption of rigless intervention, digital inspection tools and through-tubing technologies.

Asia Pacific’s oil and gas sector is navigating pressure to optimise mature assets, enhance efficiency and manage risks. The OWI APAC 2026 Well Intervention & Integrity Report examines key trends across Malaysia, Indonesia, Thailand, Brunei and Vietnam, highlighting how digitalisation, collaboration and smarter strategies are shaping offshore operations.

The report explores advances in real-time monitoring, plug and abandonment planning, and decommissioning approaches as operators focus on extending asset life and improving long-term performance.

Internationally recognised as the global leader in well intervention innovations, the North Sea continues to raise industry benchmarks even to this date. Operators today are rethinking traditional abandonment approach, and inclining towards integrated delivery models. Digital tools are empowering operators for optimised deliveries within reasonable costs while satisfying regulatory bodies governing the UKCS and NCS regions.

Australia's offshore oil and gas infrastructure is ageing, with many assets operating beyond their original design life, creating significant asset integrity management (AIM) challenges. Operators must employ strategies addressing corrosion, fatigue, structural degradation and evolving production conditions while maintaining safety, environmental protection and regulatory compliance.

Geothermal energy in North America is shifting from niche to strategic, with the US leading a new phase of growth driven by technology innovation, rising power demand and energy security concerns. Installed capacity remains modest at around 4 GW, but momentum is building as next-generation solutions such as enhanced geothermal systems (EGS) and heightened investment unlock the potential for scalable, 24/7 ‘firm’ clean power.

Australia’s offshore oil and gas sector is entering a major decommissioning phase, driven by ageing infrastructure, stricter regulations and growing environmental accountability. With billions of dollars in projected activity over the coming decades, operators are accelerating well abandonment, infrastructure removal and recycling efforts while navigating supply chain, workforce and cost challenges. Emerging technologies, collaboration and investment in local capability are set to shape a more efficient and sustainable decommissioning industry.