Well-Safe Solutions has signed a multi-year framework agreement with Apache Corporation (now a subsidiary of APA Corporation) to decommission wells in the North Sea, as part of the company’s Plug and Abandonment Club offering.
The deal will provide Apache with access to the specialist decommissioning assets Well-Safe Defender and Well-Safe Guardia to complete the P&A work on its well stock.
Chris Hay, Director of Strategy and Business Development, Well-Safe Solutions, said, “We are ready to assist Apache with its well decommissioning requirements, affording it the flexibility to book its wells into our campaigns when required.
“Our multi-well, multi-operator P&A Clubs give our clients cost certainty and leverage the cumulative experience gained by our specialist decommissioning teams on both assets across hundreds of wells to date.”
Separate from the frame agreement, Apache has secured a slot for Well-Safe Solutions to plug and abandon subsea wells in the UK Continental Shelf. This work is expected to begin in 2024 as part of a continuous campaign, enabling Well-Safe Solutions to maximise schedule flexibility and improve efficiencies for the member companies within the campaign.
The P&A Club’s focus on operational and cost efficiency aligns with the industry regulator, the North Sea Transition Authority’s, target to reduce the cost of decommissioning upstream oil and gas infrastructure in the UKCS by 35% by the end of 2022.
