An Aberdeen-based well management firm has successfully completed the planning and supervision of a four- well N. Sea abandonment project on behalf of Antrim Energy.
Established in 2012 by Martin Booth, managing director, Zenith Energy completed the planning, permitting, well-examination and supervision of operations for the Canadian operator, which formed part of a multi-client plug and abandonment project.
The rig-less campaign included three suspended wells on the Fyne Licence (P077, Block 21/28a) and one suspended well on the Erne Licence (P1875, Block 21/29d).
One of the key findings from this year’s Oil and Gas UK activity survey states that the annual average expected spend on decommissioning in the N. Sea over the second half of the decade has increased to £1.8 billion from £1.5 billion.
With the low oil price, rising costs and ageing infrastructure, the huge task of removing redundant installations from the North Sea is gathering momentum,
With more than 600 offshore oil and gas installations in the North Sea and more than 10,000 km of pipelines, wells and accumulations of drill cuttings, decommissioning work is potentially creating a huge business opportunity for end-of-life projects.
With a team of 18 engineers, Zenith has more than doubled its client list to 20 over the past two years, working with a number of operators in the UK, Ireland, Norway, France and West Africa.