Aquaterra Energy has secured a multi-million-dollar riser contract on March 2 with a marine vessel owner and operator for deeper water well intervention projects mainly in the Asia Pacific region.
Aquaterra Energy will deliver a large-bore (7 3/8-inch) AQC-CW completions and workover riser system with automated handling package that will operate in water depths of up to 1,500 m. The system has been designed to withstand repeat make and breaks, whilst offering a gas tight metal-to-metal seal. The solution can be operated from a lightweight intervention vessel, semisubmersible or from a jackup rig as a surface riser, open water subsea riser or as a landing string.
The NACE compliant technology and unique pipe to connector attachment eliminates welding—making the riser lighter offering enhanced water depth deployment capacity. In addition, the ability to pressure test each connection upon make up provides enhanced environmental reassurance against well bore fluid discharge.
“This project marks a key milestone in our Asia Pacific success story, whilst also diversifying our AQC riser offering into deeper water operations,” James Larnder, managing director of Aquaterra Energy, said. “All our systems are intelligently engineered to be efficient with no wasted materials and a focus on quick connection to reduce operational time whilst assuring integrity. Importantly, these efficiencies also support our own and our customers’ decarbonization efforts.”
Aquaterra Energy will manage the entire project scope via its in-house engineering and project management teams. Throughout the project, Aquaterra Energy will provide fatigue utilization and management through riser monitoring hardware to extend asset life, as well as automated hands-off connector makeup and umbilical handling equipment to improve safety and enhance offshore efficiency.
Recommended Reading
Alliance Resource Partners Adds More Mineral Interests in 4Q
2025-02-05 - Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.
Chevron to Lay Off 15% to 20% of Global Workforce
2025-02-12 - At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people.
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
2025-01-07 - U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.