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Proserv Secures Significant Decommissioning Project Awards

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

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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.

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