Energy services firm Petrofac said today it had saved Tullow Oil $2.5million on a well decommissioning job in the southern North Sea.
Petrofac provided a range of well engineering and project management services for a plugging and abandonment campaign on the Horne and Wren asset over six months.
The company said it helped save money by using a jack-up lift barge instead of a rig, as well as deploying a pipe recovery technique rather than a heavy lift vessel.
Alex Macdonald, managing director – well engineering, Petrofac Engineering & Production Services, said: “This was a challenging but highly rewarding project. In addition to providing a highly cost-effective solution, we also saved time on the project by proposing optimisations solutions to allow the preparatory works to be integrated as simultaneous operations.
“This highlights our ability to provide effective outsourced plug and abandonment project management, seamlessly integrated into the overall decommissioning project and driving value through differentiation.”
Ian Manners, project manager at Tullow Oil, said: “Petrofac went above and beyond our expectations, with a high level of engagement achieved by collaborating with us as a single team. The UKCS operation is amongst the very best, if not the best in the world.”