Newly Launched Decommissioning Company Makes First Acquisition Well-Safe Solutions Appoints Experienced P&A Professional as CEO

摘要

A major new entrant to North-Sea decommissioning, launched at the beginning of August, has made its first acquisition. Well-Safe Solutions, a specialist well abandonment company, has acquired Intervention Project Management (IPM) for an undisclosed sum. IPM's Founder and Managing Director, Phil Milton, has been appointed Chief Executive Officer of Well-Safe Solutions which has been set up to capitalise on the significant decommissioning opportunity in the North-Sea, by providing, what it describes as, a ground-breaking approach to the safe and cost-efficient decommissioning of subsea wells.