Archer Limited will be delivering a P&A unit, which is much lighter that ususal, for the Fulmar platform in North Sea.
The unit will be deployed as part of an additional contract linked to a five-year agreement with Neo Next Energy.
While the P&A unit will be replacing one of Archer’s modular drilling rigs, the expanded scope of the new contract will cover platform drilling, facilities engineering, coil tubing, wireline services, and downhole well service technologies across Neo Next’s offshore portfolio. This portfolio includes integrated drilling and well services for late-life operations and P&A activities for approximately 130 wells, requiring safe and cost-effective project delivery.
Alexander Olsson, EVP Platform Operations Archer, said, “We are very pleased with this contract award as this anchors our strategic focus on late life and P&A operations. This amendment reflects our ability to grow long-term client relationships by delivering value through operational excellence and innovative solutions. Archer’s capabilities to offer lighter, leaner and more cost-efficient P&A units, is a competitive advantage as the demand for cost efficient P&A programmes grow. We are proud to extend our collaboration with NEO NEXT in this area.”
