HydraWell to plug on the NCS
Published by David Bizley,
Editor
Oilfield Technology,
The Norwegian operation of an undisclosed international oil company has awarded HydraWell a long-term contract for plug & abandonment (P&A) and slot recovery operations on a major field on the Norwegian continental shelf (NCS).
The contract is valid for five years plus three additional three-year options (5+3+3+3). The contract value has not been disclosed.
The operator will utilise HydraWell’s HydraHemera second generation high pressure Perf, Wash & Cement, PWC® jetting system as their chosen technical solution for both P&A and slot recovery operations. The PWC®-technology plugs offshore wells in 2-3 days, compared to traditional section milling operations which often takes 10-14 days to complete.
“This operator knows us and our technology well. It is an innovative player dedicated to driving down costs for plugging operations. To be able to partner with them over the next five years and beyond will further deliver cost efficiencies to all stakeholders, including the Norwegian Tax Payers,” says Mark Sørheim, CEO of HydraWell.
HydraWell will manage the contract out of its headquarters in Stavanger, Norway.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03082018/hydrawell-to-plug-on-the-ncs/
You might also like
TotalEnergies increases its interest in giant field Moho and divests two mature assets
TotalEnergies announces that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses.