SPE Port Harcourt Section Plans Major Well Intervention Summit
Published: 13 Mar 2026
Author: Precedence Research
The Society of Petroleum Engineers SPE Port Harcourt Section is gearing up to organise an exciting and significant event known as the Well Intervention Summit. The primary aim of this summit is to foster more collaboration and information sharing in the oil and gas sector. The summit is expected to attract various experts and engineers from the oil and gas sector. Additionally, there are expectations that the summit will attract service providers and young professionals who are interested in learning about the latest developments in well intervention technology. The summit is expected to provide an opportunity for participants to learn about how they can improve the performance of existing wells and how they can extend the life of their existing wells.
Focus on Technology and Industry Innovation
The summit will feature the latest technology and practices adopted for well intervention operations. Experts from various energy companies will be invited to share their experiences through case studies, research papers, and field experiences. The information shared is likely to include the latest intervention tools, digital monitoring systems, and safety measures. This will help professionals gain a deeper understanding of the latest technology adopted for the oil and gas industry.
According to Precedence Research, the rigless intervention services market size accounted for USD 11.62 billion in 2025 and is predicted to increase from USD 12.40 billion in 2026 to approximately USD 22.31 billion by 2035, expanding at a CAGR of 6.74% from 2026 to 2035 as demand grows for oil recovery, and use of advanced intervention technology.
Building Collaboration and Professional Development
Another aim of the summit is to create collaboration among different professional segments in the industry. The summit will give engineers, researchers, and students an opportunity to engage with professional experts in their respective fields. The summit will be dedicated to skills development, innovation, and the future of well intervention services. The summit will also be useful in helping young professionals in the development of their skills by being exposed to trends in the industry as well as opportunities in the future.
Supporting Industry Growth in the Region
The choice of venue for the summit in Port Harcourt underscores the city's position as an important centre in Nigeria's oil and gas business. The event is expected to bring together industry players from across the region, fostering partnerships and promoting the adoption of emerging technology. The initiative is an extension of the Society of Petroleum Engineers' mission to advance knowledge, professional development, and sustainable development in the energy industry globally.
A recent report by Precedence Research highlights that the global rigless intervention services market is expected to grow steadily in the coming years. The increase in the growth demand for improved oil recovery, the maturity of the oil wells and the use of advanced intervention technology.