Mermaid Subsea Services, a leading international subsea services company, has concluded a 21 well plug and abandonment campaign on behalf of a North Sea operator.
The multi-well campaign was executed using the Island Valiant vessel and was carried out on wells across the Northern and Central North Sea. As the largest contract Mermaid has completed to date, the project spanned two years and created six new jobs in the process.
“This has been a landmark project, not just for Mermaid but also for the wider North Sea decommissioning sector,” remarked Scott Cormack, Regional Director for Mermaid Subsea Services (UK).
“For a company that only entered the UK in 2020 to have carried out, what we understand to be, the largest vessel-based decommissioning campaign in the region ever is a huge achievement, testament to the Mermaid team and further proof that there is space in the market for a new player delivering innovative solutions.
“I would like to thank the whole Mermaid team for playing their part in the successful delivery of this project and to the client for putting their faith in our safe, efficient and cost-effective vessel-based well P&A offering.”
Mermaid is building its reputation in the decommissioning market at an incredibly opportune time given the wave of activity that will be required in the North Sea in the near future. According to the latest OEUK report, operators need to plug 200 abandoned North Sea wells a year in order to stay on top of targets.
