Well-Safe Solutions bags first-ever contract
- Business & Finance
Specialist well abandonment company Well-Safe Solutions has signed its first contract after launching in July this year.
The company said on Thursday that it secured a three-year framework agreement with TAQA Bratani Limited for the provision of intervention management services for all their North Sea assets.
TAQA operates five production platforms which produce oil and gas from 13 fields in the UK North Sea. The company also has interests in partner-operated assets and is the operator of the Brent Pipeline.
Under this call-off arrangement, Well-Safe will provide people and engineering services to support TAQA with well plug and abandonment (P&A) planning.
This announcement follows several high profile appointments at Well-Safe, which now employs 25 people in its headquarters at Hill of Rubislaw, Aberdeen.
Phil Milton, chief executive officer of Well-Safe, said: “Winning our first piece of work, less than four months after start-up, is a major milestone for Well-Safe. It underlines the unrivaled well plug and abandonment expertise we have already amassed in such a short space of time.
“Working collaboratively with TAQA’s in-house team, we will undertake well P&A planning that identifies the safest, most-effective and efficient solutions.
“Our goal is to build long-term relationships, based on trust between our employees, clients and the industry, and we look forward to working in true partnership with TAQA to support them in making informed decisions on P&A activity and then implementing them effectively.”