The agreement carries three two-year extension options.
In principle Repsol can use the contractor’s high-pressure PWC (perforate, wash, and cement) jetting system as the technical solution for its full Norwegian P&A program.
The main job is for theGyda field wells in the southern Norwegian North Sea, where there are 32 well slots. HydraWell will also address three subsea wells at the Rev field.
For future P&A jobs for Repsol, the company will provide its HydraHemera PWC jetting system, which is said to install a rock-to-rock barrier in less than two days.
Plugging offshore wells using conventional techniques such as section milling takes considerably more time to complete, the company added, pushing up costs substantially.
To date the company has installed 232 plugs worldwide with its PWC-method.