BiSN, a leading supplier of downhole sealing solutions and technology to the global oil and gas industry, has been awarded a key contract by a major oil and gas operator in the North Sea.
The three-year contract (which features two one-year extensions) requires BiSN to use its proprietary Wel-lok alloy barrier technology to safely and efficiently plug and abandon oil and gas wells in the North Sea. The technology is a cost-effective and environmentally-driven solution that provides a permanent well-barrier and gas-tight seal in single and multiple annuli.
The scope of work includes providing BiSN Wel-lok alloy plug barrier technology, which ensures a permanent plugging and abandonment of oil and gas wells so that they are securely and reliably sealed, vastly reducing corporate liability and potential environmental impact. BiSN's alloy plugs are a superior solution compared with conventional technology that uses cement, elastomers, resin, or others as sealing elements that deteriorate over time, particularly in harsh environments.
Paul Carragher, Founder and CEO of BiSN, commented, “We are pleased and very excited that BiSN has been awarded this major contract. This is another step forward in the execution of our company mission to provide unique barrier solutions that protect the earth’s natural resources. Our strategic objectives, which include providing our novel technology and best-in-class services, focus on working collaboratively with our customers to support and exceed their well abandonment objectives.”
Mark Nicol, BiSN Regional Business Development Manager – UK, Europe & Africa, added, “This award recognises BiSN’s differentiating technology and capabilities to deliver a permanent well barrier in challenging offshore oil and gas wells. We look forward to collaborating with this operator and all associated stakeholders to successfully complete this project.”
