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United Kingdom : AQUATERRA bags deal for North Sea abandonment project.

Aquaterra Energy, a global offshore engineering solutions provider has bagged a multi-million pound contract to deliver high pressure riser (HPR) equipment and services for a subsea abandonment project in the central North Sea.

The deal will see the company engage in the abandonment of ten subsea wells through deploying subsea HPR system from a jack-up rig.

The deal may take in two more subsea wells, taking the total number of abandonments to 12.

The firms Initiation Engineering or Well Start specialism was carried out on the project to boost well activity starting with the complete first phase of the well.

The project would be ready in the fourth quarter of this year.

Aquaterra has built a successful track record of jack-up and subsea high pressure riser operations over recent years using similar systems, said Aquaterra Energy managing director George Morrison. The use of jack-ups can potentially mitigate the heavy loading implications and weather constraints often associated with semi-submersibles in shallow water and thus, extend the operating envelope and productive time through a reduction in waiting on weather.

A change in the default mindset is needed to consider jack-up drilling units equipped with an HPR for shallow water subsea drilling, completion, intervention, and abandonment activities as they can significantly reduce risk and lower operational costs when compared to a semi-submersible completing the same operation.

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Publication:Mena Report
Date:Jun 24, 2017
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