Deepocean And Exceed Partner For Vessel-based P&A

Wedoany.com Report-Nov 14, Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.

The two companies combine DeepOcean’s subsea engineering competence and extensive fleet of WROVs and supporting subsea vessels with EXCEEDS’s specialist well decommissioning expertise to offer operators a single contract, turnkey P&A service for decommissioning projects. The offering includes equipment, planning, execution and close-out, leaving a full audit trail to ensure optimum repurpose and re-use of retrieved assets.

“Compared to rig-based P&A, we believe this partnership can deliver significant time and cost benefits to operators’ decommissioning projects. Our complementary service offering has already proven that it can provide a comprehensive, best-in-class solution to well decommissioning. We are excited about further developing our relationship with EXCEED,” says Olaf A. Hansen, managing director, DeepOcean Europe.

The partnership has recently completed a multi-well, vessel-based P&A campaign on behalf of Serica Energy. This campaign resulted in significant time and cost-savings as well as reduced CO₂ emissions compared with rig-based P&A activity.

“By pairing DeepOcean’s subsea engineering competence and diverse global fleet of vessel with EXCEED’S specialist range of well decommissioning expertise, we can offer the international decommissioning sector a world-class vessel-based well P&A service. Forged in the North Sea, we look forward to continuing this relationship by commencing another multi-client, multi-well campaign later this year,” says John Anderson, commercial director at EXCEED.

EXCEED’s vessel-based decommissioning team provides a fully compliant subsea wellhead removal service. Removing post-decommissioning liability, clients also benefit from cost efficiencies via a campaign approach.

“Our joint competence, technology and assets allow this partnership to deliver safe and efficient offshore operations to clients both here in the North Sea and further afield.  We look forward to cooperating with our clients to develop multi-well campaigns that will deliver significant cost and time savings,” says Robin Mawhinney, managing director of DeepOcean’s U.K. operation.