Integrated solutions provider IKM Testing UK has secured a deal with BP to deliver well integrity services across the supermajor’s North Sea portfolio.
And the deal also has future provision for supporting BP’s (LON: BP) international assets with similar work scopes.
A value for the contract was not given, but it is understood to be a “multi-million pound” agreement.
The agreement, the first well services contract between the companies, covers well integrity remediation services, including sustained casing pressure mitigation (SCP).
SCP is excessive stress in any well annulus that requires regular bleed down – it can often be managed during normal offshore operations, depending on the severity.
It also requires remediation during plug and abandonment (P&A) operations if not addressed during the normal well lifecycle.
This new contract looks to address the issue of SCP in a more permanent manner, reducing the requirement for continual management.
Under the terms of the deal IKM, which has a North Sea base in Westhill on the outskirts of Aberdeen, will provide engineering, determination of applicable chemistry and methodology, and deployment of equipment and personnel offshore.
IKM’s team in the north-east has been working closely with BP to determine long-term solutions to remove the risk associated with well integrity challenges.
Work to remediate SCP using a “bespoke resin” is expected to commence in 2022.
Mark Rasmusen, director of international division at IKM Testing said: “This is an exciting award and provides the springboard for us to further grow and develop our well services offering.
“Sustained casing pressure can generally be managed offshore, however bp is looking for a solution that doesn’t require continual management by offshore personnel which not only reduces risk but also saves significant time and costs. We were selected as we provide an independent perspective and have the capabilities to carry out the full suite of engineering services from cradle to grave.
“We look forward to helping bp achieve its well integrity goals by determining and executing innovative and cutting-edge solutions.”