GE Oil & Gas and SapuraKencana Well Services have signed a memorandum of understanding (MoU) announcing an Asia-Pacific wide agreement to deliver light well intervention services, unlocking previously uneconomic subsea intervention activity, according to a news release.

The alliance aims to enable oil and gas operators to bring wells into production, deliver life-of field intervention services, as well as to suspend and abandon these wells later in their life without the need for costly mobile drilling units, the release said.

The MoU formalizes the two companies’ business relationship, which is already in operation with an initial focus on the Australian waters province, the release said.