Gulf Oil and Gas accountACCOUNT

Proserv Secures Significant Decommissioning Project Awards

Source: www.gulfoilandgas.com 5/11/2017, Location: Europe

Share |
Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5million (approx. 21.5m Norwegian Krone) for decommissioning work in the Norwegian North Sea. The firm’s Stavanger facility will provide cutting services as part of a full severance package covering subsea and topside work. Compared to more traditional approaches, the cutting technology solutions deployed by Proserv can save hours in well severance and plugging, which can lead to significant savings in day rates over a campaign.

These awards build upon decommissioning successes for the company globally in recent months with around $8million worth of work secured in Asia Pacific, the UK and Gulf of Mexico. As part of the decommissioning workscopes, Proserv will provide abrasive cutting, diamond wire cutting, grout removal and dredging services.

Henrik Johnson, region president for Norway, said: “To date, we have cut over 300 wells globally in a variety of challenging conditions and environments, so our track record and the reliability of our equipment was a key factor in securing these awards. Another major attraction is the fact we can offer a wide range of integrated services all under one roof helping to cut costs, reduce complex supply chains and better manage risk through using a single source provider.

“One of the contracts requires specialist engineered solutions to deal with non-standard sizes used in the structure. The complex installation requires a custom technology solution rather than an ‘off-the-shelf’ package and this is at the core of Proserv’s expertise.”

The contracts come at a time of strong investment and development with the company currently investing more than $2million to develop two new Multi String Cutting (MSC) systems for well severance campaigns, to meet market demand.

Proserv is a technology-driven company providing products, services and bespoke solutions to clients across the drilling, production and decommissioning market sectors. Operating worldwide through 22 operating centres based in 12 countries, the company has won a string of industry awards over the years in recognition of its achievements.

Drill Bits and Cutters >>

Drill Bits and Cutters News in Norway >>

Austria >>  10/16/2017 - OPEC crude for 2018 was revived up by more than 0.2 mb/d from the previous month to 33.1 mb/d representing an increase of 0.3 mb/d over 2017. ...
Austria >>  10/10/2017 - Oil futures rose further in August, with ICE Brent gaining 5.5% and averaging above the $50/b mark, supported greatly by a decline in US crude oil sto...

United Kingdom >>  10/9/2017 - Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to t...
Austria >>  10/5/2017 - Following strong growth for the whole of 2015 and 2016, European oil demand continued to surprise with a strong performance in the first half of 2017 ...

United Kingdom >>  10/3/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of I...
Austria >>  10/2/2017 - Refinery utilization in the US recorded historical levels in August, despite plummeting towards the end of the month as Hurricane Harvey started to ma...

Related Categories: Blowout Preventers Ram, Rotary, Spherical & Annular  Casing, Tubing & Drill Pipes  Coiled Tubing  Drill Bits and Cutters  Extraction Equipment  General  Handling Tools  Hoisting Systems  Lubricating Equipment 

Related Articles: Blowout Preventers Ram, Rotary, Spherical & Annular  Casing, Tubing & Drill Pipes  Coiled Tubing  Drill Bits and Cutters  Extraction Equipment  General  Handling Tools  Lubricating Equipment 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Norway >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.