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Altus Intervention

@altusintervention.com

We are the well intervention specialists with a difference.

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About

Description

Altus Intervention is an oilfield services company specializing in well intervention and wireline services. Headquartered in Stavanger, Norway, it was established in 2016 when it rebranded from Aker Solutions' well intervention services division. Altus Intervention operates globally, with a strong presence in key oil and gas markets such as the North Sea, the Middle East, and the Americas.


The company offers a range of products and services designed to enhance oil and gas production, improve well integrity, and perform well maintenance. These include wireline services such as logging, perforation, and well cleaning, as well as extensive well intervention capabilities like wellhead maintenance, coiled tubing interventions, and hydraulic workover. Altus Intervention also provides a wide range of completion tools, fishing tools, and other specialized equipment necessary for effective well intervention.


Altus Intervention has formed several noteworthy partnerships and joint ventures over the years. One of its major joint ventures is a strategic alliance with Oilfield Innovation Limited, focused on delivering innovative well intervention solutions. The company also has a partnership with BP for providing wireline services on BP-operated fields in Norway and the UK.


Additionally, Altus Intervention has several subsidiary companies, including Altus Intervention UK and Altus Intervention Denmark, further expanding its global presence. In terms of market position, Altus Intervention is a leading player in the well intervention segment. It competes with other major oilfield services companies, such as Schlumberger, Halliburton, and Baker Hughes.


Altus Intervention's strong technical expertise, innovative solutions, and extensive global footprint have helped it establish a strong foothold in the industry. Altus Intervention has witnessed significant growth and achieved several key milestones since its formation. In 2019, the company acquired a majority stake in Stric-Lan Limited, expanding its capabilities in well access systems.


Altus Intervention has also made strategic investments in digital solutions, focusing on advanced data analytics and remote operations, which has further enhanced its service offering and competitiveness. As of the latest updates, Altus Intervention continues to expand its global presence and strengthen its position as a leading well intervention company. The company remains committed to delivering safe, efficient, and cost-effective solutions to its clients and maintaining high standards of operational excellence

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Company Type

Privately Held

Company Size

1001-5000

Year Founded

2014

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