REPORT DESCRIPTION
A rapidly growing oil and gas exploration and production industry is likely to be one of the major drivers for Rigless intervention systems . These Rigless intervention systems encompass services such as coiled tubing , wireline and hydraulic workover . The speciality of Rigless intervention systems is that they do not require any conventional workover rig to be used . Additionally these Rigless intervention systems are capable of performing downhole activities in wells that are currently producing . Mostly , Rigless intervention systems are used for carrying out remedial activities on producing oil wells . These intervention activities are carried out to either restore production to original levels or to increase the level of production . One of the major application areas of Rigless Intervention Systems is in the pre-installation of conductors . These are generally required in wellsite preparation activities .
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Rigless Intervention Systems are being used to install multiple conductors before the actual drilling rig is brought to the site . Since the per day rent of a rig is significantly high , these Rigless Intervention Systems are valued as they are capable of saving almost 20 days of a rigs time . Apart from pre-installation of conductors , these Rigless Intervention Systems can also be utilized for workover activities . These systems are especially useful for workovers in tension leg platforms and spar platforms where weight is a major concern . The Rigless Intervention Systems is also utilized for a variety of other functions such as pulling tubing strings and in production risers . These Rigless Intervention Systems have numerous advantages over conventional workover rig methods and casing jacks . The Rigless Intervention System improves efficiency , generates higher cost savings , guarantees more safety and improves the response time to a large extent .
Generally these Rigless Intervention Systems come in modular designs which allow them to be erected briskly without much cutting and welding activities required . These systems can also be easily transported and installed on site without requiring support from a derrick barge . These Rigless Intervention Systems also come equipped with large work areas which enhance safety . Rigless Intervention Systems are gradually finding increasing applications in subsea environments . They are especially being used for well abandonments . The Rigless Intervention Systems market can broadly be segmented as offshore and onshore . With exploration activities moving from shallow to ultra deepwater environments , the costs of rigs are increasing exponentially . The demand for Rigless Intervention Systems is likely to increase significantly in the future , especially in offshore environments . In terms of applications , Rigless Intervention Systems can be segmented as pre installation services , abandonment services and wireline services . As a large number of existing oil producing wells are gradually drying up , an increasing demand for abandonment services are likely to be required in the future .