Claxton, the lead brand of UK-based Acteon's drilling and decommissioning business segment, has signed a master services agreement with Thailand-based Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.
Subsea services company Acteon Group has reported a plunge into the red as the oil price slump of 2014/15 continued to hurt business.
Engineering and offshore services provider Claxton has deployed a new modular conductor system to aid the rigless recovery of seven abandoned wells on the Norwegian Continental Shelf.
Claxton has completed its work on two southern North Sea well abandonment projects.
Claxton Engineering Services has been awarded a contract with Statoil to supply conductor and internal centralizers to a minimum of 14 wells on the Gina Krog development offshore of Norway. First delivery under the deal, which was for an undisclosed sum, is scheduled for March 2015.