Topic: P&A

Wintershall Noordzee B.V. awards P&A frame agreement to Archer Oiltools

Region: North Sea
Content Types: Report
Date: May, 2021

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Archer Oiltools has been awarded a plug and abandonment (P&A) campaign by Wintershall Noordzee B.V across 2021 and 2022. The scope awarded to Archer is to perforate, wash, and provide cement and formation integrity testing tools, services, downhole tools on tubing conveyed, and plugs-cutters for 22 wells with an option of another 20 wells.

Hugo Idsøe, Vice President of Archer Oiltools, commented, “Over the last decade Archer has delivered a high number of P&A and Slot recovery operations to our customers in the North Sea with great success. This contract is a milestone for the southern part of the North Sea and a testimonial of all the good work that we have done for Wintershall Noordzee B.V. over the last three years.”

“Our team have delivered excellent performance and we continue to prove that Archer’s Oiltools is an industry leader for smart and robust solutions in markets where well integrity, reliability and time savings are of upmost importance.”

“With a broad portfolio of products and services within P&A and Slot Recovery, Archer is in a unique position to deliver lower carbon solutions to our clients. Through our development of new technologies and solutions, we are rapidly adapting to and embracing the sustainability focus on lower emissions,” Idsøe added.

Archer has been carving a formidable presence for itself in the North Sea in recent months with this announcement coming soon after its acquisition of DeepWell, a leading Norwegian well intervention company focused on high-tech based wireline service. DeepWell commands one of the most modern wireline unit fleets on the Northern Continental Shelf and holds a strategic long-term contract in the light well intervention market, making a fine addition to Archer’s portfolio. It is therefore no surprise that the company was awarded another contract by Wintershall Noordzee B.V. and it is highly likely more work will be coming its way in the future.