Aberdeen-headquartered energy service company THREE60 Energy has secured a well decommissioning contract to plug and abandon multiple offshore wells in Europe. This deal is expected to drive new jobs and growth for the company.
While THREE60 Energy did not disclose the exact value of this contract, the firm did explain that it is a multi-million euro deal. This contract will enable the UK player to permanently decommission 13 injection, production and observation wells, creating new jobs for the company in the UK and Europe.
Nick Ford , Wells UK Managing Director at THREE60 Energy, commented : “With our strong track record of offshore delivery and well abandonment we bring almost 20 years of the technical skills, capabilities and experience needed to successfully deliver this significant well decommissioning project offshore Europe.
“We were thrilled to be awarded the work after an intensive tender process, in which we demonstrated our ability to deliver under competitive commercial terms. We look forward to safely delivering this exciting project, on time and on budget.”
Furthermore, THREE60 Energy plans to utilise its well decommissioning team to deliver the plug and abandonment designs, prepare operational planning and supervise the offshore execution, which includes the management of the jack-up rig and well abandonment subcontractors.
Walter Thain , CEO at THREE60 Energy, remarked: “This contract clearly demonstrates the opportunities available for supply chain companies globally, especially within decommissioning, and is a great example of transferring our competency and capability across multiple geographies.
“ We’re excited to continue growing our decommissioning delivery and play a key role in decarbonising the future as part of the wider energy transition.”
This deal comes months after THREE60 Energy was selected by BP for well engineering services across its global operations and picked by Crogga Limited to drill an appraisal well this year in the Crogga gas field in the Irish Sea.