Well project management specialist Fraser Well Management answered government and energy industry calls to generate the most cost-effective safe solutions for the task of decommissioning redundant North Sea platforms and wells.
Fraser Well Management demonstrated savings of 30-40 per cent on its rig-based abandonments compared to similar well abandonments by its peer group by showcasing its track record in low-cost, top-quality plugging and abandonment (P&A) of wells, one of the major costs of decommissioning, at the Decom Offshore Conference 2015 in Aberdeen. Fraser Well Management promoted its 10 years’ experience and expertise focusing on the next chapter of North Sea activity, estimated to cost tens of billions of pounds in the next 25 years.
The Great Yarmouth-based company has completed three standalone end of life P&A projects and 30 well abandonments, including a range of subsea, standalone and platform development wells. The low cost operation, supported by its outstanding competency and safety record, puts the company among the leaders poised to start the process of plugging and abandoning the 5,000 wells and 600 platforms in the North Sea.
Managing Director Douglas Nunn and Commercial Manager Paul Collins met new contacts and established partners and operators.
Mr Nunn said: “We were pleased with the recognition of our company and what we do among delegates at Decom Offshore. People know us and acknowledge the quality and cost-effectiveness of our work and like our models for project managing P&A in decommissioning.
“With evidence from the rig based abandonments performed to date, we estimate that, through the utilisation of our contracting strategies and operational performance, we have realised savings of between 30-40% compared with similar well abandonments performed by our peer group.
“Our expertise in P&A and long term well integrity is second to none. Our reputation is based upon completing the work in a professional manner leaving no well integrity problems for the future.
“Decommissioning is a big focus for us and we are working on several different angles for our decommissioning offering to operators.”
“We are looking forward to continuing this mammoth task in the North Sea.”
Fraser Well Management has built its reputation on its consistent high quality outcomes and outstanding value for money.
Business development manager Nick Ford said the company’s key offering to operators was its ability to drive down costs supported by the competency and skills of its personnel.
Fraser Well Management has an unblemished record of full design-and-drill services for the oil & gas industries and project management. Formerly Fraser Offshore, the company has driven more than $1bn of business in its portfolio of exploration and production drilling including subsea and horizontal wells and complex well abandonments.