OFFSHORE EUROPE Endgame in the North Sea Inspires Creative Thinking

摘要

In a down market, plugging and abandoning North Sea wells looks like an opportunity. The cost for operators is reduced because the government is paying more than half of the cost of the work, and many service companies hungry for work are offering discounts. "Companies are capitalizing on the downturn by dealing with plugging and abandoning wells," said Grant Johnston, a project engineer for Helix Well Ops at SPE Offshore Europe. "A lot of companies have dead wells that need to be sorted out. There are savings to be had."