Well-Centric secures North Sea contract with Chrysaor
- Business & Finance
Well-Centric, a specialist operating in the well integrity and production technology sectors of the oil and gas industry, has secured a contract with independent exploration and production company, Chrysaor.
The contract is worth up to £300,000 ($397,800) per year, Well-Centric said on Monday.
The one-year contract, which has two, one-year extension options, will see Well-Centric provide offshore services across three North Sea platforms; Lomond, Everest and Armada. Services include surface wellhead and xmas tree repair, testing and maintenance. Annulus top-up operations will also be carried out using Well-Centric’s innovative Annulus Lubrication Filling (ALF) Valve. The company will also be providing workshop testing, refurbishment and storage of equipment.
Well-Centric CEO, Gary Smart, said: “Securing this contract was a direct result of work we previously carried out on all three North Sea assets, and demonstrates Chrysaor’s confidence in our ability to successfully deliver efficient and cost-effective services.
“Our services are of special benefit to assets operating in the mature phase, such as the Lomond, Everest and Armada platforms. This contract award demonstrates Well-Centric’s capabilities as a multi-disciplined well integrity organisation, and enables us to continue strengthening and optimising our portfolio.
Well-Centric, alongside Well-SENSE Technology and ClearWELL Oilfield Solutions, is part of FrontRow Energy Technology Group – a group of complementary upstream oil and gas technology focused businesses.
This is yet another in line of contracts awarded by Chrysaor since its takeover of a package of Shell’s North Sea assets. Namely, Chrysaor previously awarded contracts to Stork, Sparrows Group, Return To Scene Limited, and DNV GL.