Well-Safe Solutions has signed its first contract after launching in July this year.
The specialist well abandonment company has secured a three-year framework agreement with TAQA for the provision of intervention management services for all their North Sea assets.
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 newly refurbished headquarters at the prestigious Hill of Rubislaw in 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.
“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 partnership with TAQA to support them in making informed decisions on P&A activity and then implementing them effectively.”
Aiming to become a major “Tier 1” well abandonment service company, Well-Safe Solutions will provide a fully integrated package using its own bespoke marine and land-based assets to help oil and gas operators meet the challenges of safe and cost-efficient decommissioning of wells.