HydraWell Grabs UK Frame Deal
HydraWell has been awarded a frame agreement by an undisclosed supermajor to provide technology and services for plug & abandonment (P&A) and well repair operations on the UK continental shelf.
HydraWell’s HydraHemera second generation high pressure Perf, Wash & Cement, PWC jetting system has been chosen as technical solution for wells that will be plugged and abandoned or for re-establishing the integrity of wells that do not have sufficient barriers. The technology can be applied in both single and multiple casings.
The frame agreement is valid for three years, with two additional one-year options. The operator also has a contract option to extend the use of HydraWell’s technology to all of its operated assets worldwide.
“Last year, the client in question utilised our technology on three wells. Afterwards they approached us about entering into a frame agreement. We cannot think of any better endorsement from a client. The fact that another supermajor gives us their seal of approval makes this agreement even more special,” says Mark Sørheim, CEO of HydraWell.
HydraWell has developed the patented PWC technology (perforate, wash and cement) that reportedly plugs offshore wells in 2-3 days, compared to the traditional method of section milling.
“The essence of our technology is to enable operators to save huge amounts of rig time as well as to reduce their HSE risk and environmental footprint from not having to bring swarf cuttings topside,” says Sørheim.
HydraWell UK will manage the contract out of its office and workshop in Dyce, Aberdeen, UK.
