Expanded: Aker BP, Schlumberger and Stimwell Services establish Well Intervention and Stimulation Alliance to accelerate and boost oil production.

The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu Tuesday 29 October.

Through collaboration, innovative technologies and digitization the newly formed Alliance endeavors to completely transform conventional intervention operations with clear targets of propelling hydrocarbon production on new and existing assets on the Norwegian Continental Shelf.

The Alliance focus will span interventions operations, with Schlumberger as partner for wireline logging, perforation and well stimulation through digital slickline, coiled tubing and flowback operations on Aker BP’s fixed installations, and StimWell as partner for vessel-based stimulation services.

Digital technology is fundamentally changing the industry, and the intervention space is no exception. The Well Intervention and Stimulation Alliance collaboration model accelerate access to digitized cloud computing, artificial intelligence, machine learning, proprietary technologies, integration of data with petrotechnical expertise and digital models, to overcome challenges and realize full production potential throughout life-of-field.

Karl Johnny Hersvik, the CEO of Aker BP said: These are exciting times. Aker BP is committed to increase the productivity, quality, flow- and time efficiency throughout the value chain. Strategic alliance relationships are an integral part of this strategy, thus I am pleased to enter the Well Intervention and Stimulation Alliance with Schlumberger and Stimwell Services. Multiple wells on Aker BP operated assets are on a fast-tracked schedule to be put on production adding a significant number of barrels to the Company’s total hydrocarbon output. By leveraging the combined digital horsepower from the parties, we have a unique opportunity to pave ahead and transform the well interventions space and ultimately generate value through increased oil production.

Olivier Le Peuch, the CEO of Schlumberger added: “This Alliance is a great example of a collaborative approach to drive customer performance by applying leading digital, subsurface technologies, and domain expertise in well intervention and stimulation operations to maximize production potential. We are committed to deploying Schlumberger’s unique team and technology performance, centered on our customer’s challenges, to drive efficiency sustainably for the benefit of our Alliance partners.”

Sami Haidar, the Managing Director of StimWell Services said “through close alignment of supplier corporate objectives I am certain that this ground-breaking Alliance model will become in time the high-quality benchmark for the industry. In addition, by facilitating a collaborative approach, drawing on the combined knowledge of each of us, it will not only undoubtably deliver higher well productivity at a lower cost but will enable us to continue to raise the bar in terms of environmental best practice.”

The Well Intervention and Stimulation Alliance will host a network of personnel from the Alliance Members’ organizations, collocated at Aker BP offices in Jåttåvågen in Stavanger utilising a brand-new state-of-the-art Onshore Collaboration Centre, fully enabled for bidirectional data live feed with the offshore operations for 24/7 real-time support and decision making.

About Aker BP

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker ‘AKERBP’.

About Schlumberger

Schlumberger (NYSE: SLB) is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $32.82 billion in 2018.

About StimWell Services

Established in 2008, StimWell Services has become a global provider of vessel-mounted Stimulation Services and is ISO and OHSAS accredited. Well established in the North Sea, StimWell’s Island Patriot vessel performs acid and propped fracturing treatments for all operators.