Oil States International, Inc. (OIS) shares are up 2.93% to $5.60 as of 11:16 am on Friday, rising from its previous close of $5.44 on November 21st. The increase follows the company's announcement of a groundbreaking Low Impact Workover Package (LIWP) at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. This innovative system is designed to significantly reduce wellhead loads by 30-40% compared to traditional systems, offering a cost-effective and safer solution for plugging and abandoning aging subsea wells. The LIWP's design allows for a 15-degree emergency disconnect angle, streamlining operations and potentially saving operators up to $2.5 million per deployment.