ABERDEEN, UK — Well decommissioning specialists Well-Safe Solutions have signed an agreement to plug and abandon 14 wells on the UK Continental Shelf.
The deal is the first scope agreed for the Well-Safe Defender semisubmersible rig, which Well-Safe Solutions purchased in June.
The project, for an undisclosed value, will see the Well-Safe Defender mobilizing in March 2023 for approximately 250 days of work.
The Well-Safe Defender is undergoing efficiency enhancements as part of its integration into the business as well as the completion of its recertification ahead of mobilization in 2023.
Gavin Robinson, Commercial Manager at Well-Safe Solutions, added: “Like the Well-Safe Guardian and Well-Safe Protector, the Well-Safe Defender is a dedicated decommissioning asset converted from a drilling rig. Clients benefit from a greatly reduced carbon footprint and quicker mobilization times as a result, as no virgin steel is required for a newbuild rig.
“In addition to the clear economic benefits of this approach, we expect this work to generate approximately 60 new positions offshore, with several supporting roles also required onshore. This will take the total estimated headcount in Well-Safe to 330 people in early 2023.”
This contract announcement is the latest in a summer of growth for Well-Safe Solutions, who previously announced a well decommissioning contract with Ithaca Energy as well as a capital funding boost of £50 million-plus by new and existing investors.