Well engineering, subsurface and project management specialist, Elemental Energies, has announced a joint venture (JV) agreement with drilling and well services company, Archer, delivering integrated plugging and abandonment (P&A) services to global decommissioning projects.
The long-term partnership will give way to a focused P&A well engineering team that will focus on learning and best practices for P&A design and operations across all well types.
Archer's advanced well services technology and delivery capabilities, along with Elemental Energies' technical subsurface, well engineering and project management expertise, will empower the JV to offer end-to-end well abandonment solutions for platform as well as subsea decommissioning projects. This will deliver integrated planning and execution for large-scale campaigns, supporting operators to maximise efficiency, maintain oversight, and reduce cost. The JV will have the ability to support operators from the earliest project stages, leveraging the strengths of both companies to deliver the most suitable methods and technologies for each project.
Offering P&A flexibility
Dag Skindlo, CEO of Archer, said, “We’re delighted to deepen our collaboration with Elemental Energies. We acknowledge that some customers are looking to approach P&A differently, and the critical importance of offering a flexible approach to P&A services. This joint venture will help deliver highly efficient well planning and design, with the ability to integrate best in class barrier philosophy and design with deep knowledge of most effective methods to plug and abandon various well types. Ultimately this will help drive down cost of permanent P&A for our clients around the world.”
Mike Adams, CEO of Elemental Energies, added, "There is a close strategic and cultural alignment between our companies, built around a successful track record of working together on joint projects. For P&A to work, it needs long term and highly efficient solutions. This JV will bring that longevity to clients, through a mutual commitment between two long term partners, and a joint venture team that is entirely dedicated to driving efficiency in P&A. This JV partnership is a natural evolution of our relationship with Archer, and we are already actively supporting operators on P&A projects in the North Sea."
As global offshore decommissioning spend is set to rise, the JV aims to offer cost reduction with innovation - essential for advancing decarbonisation. While recognising that P&A needs and preferences vary by region and client, Archer and Elemental Energies are dedicated to supporting these unique requirements, whether through integrated solutions or traditional contracting approaches. This JV represents a commitment to fostering a more efficient and integrated approach to decommissioning across the industry.
