Valid for four years, this agreement also carries three additional two-year options.
During this period, Repsol can utilise HydraWell’s high-pressure perforate, wash and cement (PWC) jetting system as the technical solution for all wells to be plugged and abandoned on the NCS.
HydraWell CEO Mark Sørheim said: “Gyda is a significantly sized field with 32 well slots, so we are very thankful to be in the position to support Repsol here and at the Rev field with three subsea wells.”
In order to carry out future P&A jobs for Repsol, HydraWell will provide its HydraHemera™ PWC jetting system, which can implement a rock-to-rock barrier in less than two days.
It takes a longer time to complete and increase P&A costs to plug offshore wells with conventional methods such as section milling.
Sørheim added: “We have installed 232 plugs with the PWC-method worldwide. An increasing number of operators prefer this option to traditional section milling, as it reduces both costs, HSE risks and the environmental footprint of each P&A job.”
HydraWell is jointly owned by its management and private equity fund Norvestor VII, which is advised by Norvestor Equity. It is based in Stavanger, Norway, with additional offices in Aberdeen, UK, and Abu Dhabi, UAE.
In February, HydraWell was tasked to execute a part of plug & abandonment campaign at the Absheron field in the Caspian Sea by TOTAL E&P Absheron B.V. (Total), which acts as operator for and on behalf of a consortium consisting of Total E&P Absheron B.V. and Socar Absheron.