Proserv wins North Sea decommissioning deals
- Business & Finance
Energy services company Proserv has been awarded three contracts worth a combined value of more than $2.5 million for decommissioning work in the Norwegian sector of the North Sea.
Proserv said on Thursday that its Stavanger facility would provide cutting services as part of a full severance package covering subsea and topside work.
As part of the decommissioning workscope, Proserv will provide abrasive cutting, diamond wire cutting, grout removal and dredging services.
These latest contract awards come after $8 million worth of decom deals which the company won in Asia Pacific, the UK, and the Gulf of Mexico.
The company claims that its cutting technology solutions can save hours in well severance and plugging, which can lead to significant savings in day rates over a campaign.
Henrik Johnson, Proserv region president for Norway, said: “To date, we have cut over 300 wells globally in a variety of challenging conditions and environments. One of the contracts requires specialist engineered solutions to deal with non-standard sizes used in the structure. The complex installation requires a custom technology solution rather than an ‘off-the-shelf’ package, and this is at the core of Proserv’s expertise.”