STAVANGER, Norway – Qinterra Group’s North Sea well intervention subsidiary Altus Intervention and its international division Qinterra Technologies have been combined into a new well services provider.
The new entity, based in Stavanger, will be known as Altus Intervention, and employs 1,000 staff across the UK and West Africa, Norway and Denmark, the Americas, Middle East, and Asia/Pacific.
It will offer an enhanced range of emerging and field-proven well intervention technologies, tools, and services to the oil and gas industry, with established innovation centers in Stavanger and Houston.
Group chief executive Åge Landro, who joined last year, will continue to lead the company.
He said: “We are focused on bringing forward smarter ways of working to increase efficiencies and drive down costs.”
This year the group has won contracts forwell intervention projects for Maersk offshore Denmark and the UK, Shell in the UK and US, Statoil offshore Norway and Petronas in Malaysia, increasing the company’s contract backlog by 40% in the last 12 months.