HydraWell has successfully executed an offshore decommissioning project in favor of TAQA in the Netherlands.
The successful completion of this plugging job took place in one amongst the many fields that bear a connection to the TAQA-operated P15 platform, located just about 35 kilometres north-west of Hoek of Holland. The conduction of the Wash and Cement job (The dual casing Perf) started from the Maersk Resolute. The value of HydraWell’s contract is confidential and cannot be disclosed.
In completing the project, HydraWell made the most of its HydraHemeraTM Perf, Wash and Cement (PWC®) jetting system, a system that is capable of installing a rock-to-rock barrier within two days. When compared to the above method, the use of the usual method of plugging offshore wells such as SECTION MILLING would normally take about 10-14 days for completion. Furthermore, using the conventional method increases decommissioning cost.
“TAQA on the UK sector of the North Sea has previously been supported by us. Being that our PWC® technology helps in reducing the cost of plugging offshore wells could be the reason why we got invited by TAQA to the Dutch sector as well” says the CEO of HydraWell, Mark Sørheim.
As at this moment, PWC® technology has been used for the installation of more than 250 plugs by 16 operators including major, national and independent oil companies worldwide.
The joint ownership of HydraWell is by the company’s management and private equity fund Norvestor VII, L.P., whose advisor is Norvestor Equity AS – a well known private equity firm whose focus is on the Nordic region, majorly on lower mid-market control investments. HydraWell has its headquarter in Stavanger, Norway, with branch offices in Aberdeen, UK, as well as Abu Dhabi, UAE.