Seawell acquires Viking Intervention Technology
Seawell Limited announced on 30 April the purchase of Viking Intervention Technology AS for NOK 75 million including performance bonus
NOK 75m - 2010

Strengthen Seawell’s position as a leading well intervention company

Viking Intervention Technology has developed a Carbon Cable integrated intervention system in partnership with Seawell, Statoil and Innovation Norway. The system incorporates cable technology from one of the world’s leading providers of carbon composites, Finnish company Exel Composites. The carbon cable technology will offer a real step-change compared to today’s wire line steel technology. It will simplify well intervention in production wells and enable operators to perform mechanical repairs using high-power tools. Testing of the system is planned at Seawell’s Stavanger base, followed by an offshore test in a North Sea well in H2 2010.

Seawell is a company providing well services within platform drilling, engineering and well intervention. The services include production drilling and well maintenance services on several platforms, concept studies, drilling facility upgrading and modifications as well as mechanical and electrical wireline services. The company employs more than 2,600 skilled and experienced people and operates offices in Stavanger, Bergen, Aberdeen, Newcastle, Houston, Esbjerg and joint ventures in Abu Dhabi and Kuala Lumpur.

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