Well-Safe Solutions has entered into a multi-year framework agreement with Apache Corporation to decommission wells in the North Sea.
The agreement forms part of Well-Safe Solutions’ Plug and Abandonment (P&A) Club offering, which focuses on offering operational and cost efficiency to energy producers.
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The UK-based decommissioning specialist will deploy its Well-Safe Defender and Well-Safe Guardian to complete the job for the US energy producers.
Well-Safe Solutions director of strategy and business development Chris Hay said: “We are ready to assist Apache with their well decommissioning requirements, affording them the flexibility to book their wells into our campaigns when required.
“Our multi-well, multi-operator P&A Clubs give our clients cost certainty and leverage the cumulative experience gained by our specialist decommissioning teams on both assets across hundreds of wells to date.”
On average, it takes 31 days to decommission a subsea well from a North Sea rig, according to the North Sea Transition Authority.
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By GlobalDataAside from the framework agreement, a slot has been secured by Apache for Well-Safe Solutions to plug and abandon subsea wells in the UK Continental Shelf (UKCS).
The project will start in 2024 as part of an ongoing effort.
The North Sea Transition Authority, a regulator of the industry, has set a goal to cut the cost of decommissioning upstream oil and gas infrastructure in the UKCS by 35% by the end of 2022.
North Sea Transition Authority director of decommissioning Pauline Innes said: “There are hundreds of suspended wells across the UKCS that are ready to be decommissioned and impressive cost savings can be achieved from taking a campaign approach to the work.
“We encourage every operator to look at available opportunities to decommission and adopt the most efficient, value-for-money option.”
