Well Abandonment

Avoid a sting in the tail

Projects to plug and abandon wells typically don’t get the same attention as new well construction. At the end of their lives wells represent nothing more than risk, cost and liability. With increasing regulation and public scrutiny it is vital not to lose focus. With many abandonments requiring expensive rig operations and the liability for the well remaining with the operator, it is important to apply the same level of rigour to the end of well life as to well construction.

The opportunity to plug and abandon wells may arise when rig rates are low, yet the long-term liability to safely dispose of wells survives all business cycles. Although legislation and processes vary, regulations and industry guidelines stipulate minimum P&A criteria. Failure means costly work will need to be repeated and may incur other penalties. Old leaking wells are bad for the environment and bad for business.

Eikos

Truth in drilling project management

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You can meet this challenge with Eikos

Regulation and the risks of failure demand the right tools for your P&A projects. You can use Eikos software to design, implement and optimise the P&A process the same way you have done for well construction.

In advance of your P&A campaign use Eikos to:

  • Research prior projects
  • Risk assess options
  • Record best practices
  • Retain this expertise between campaigns

Industry Challenges

Project Delays<br/>& Cost Overruns

Project Delays
& Cost Overruns

If you do not change direction you may end up where you are heading

Business Cycles

Business Cycles

Issues related to staffing will be the most critical challenge we have ahead of us

Global Lost Production

Global Lost Production

Over $30 billion lost every year for well integrity reasons

Well Risk Insurance

Well Risk Insurance

Mind the gap

Performance<br/>Advantage

Performance
Advantage

Tipping the balance in your favour

Unnoticed<br/>Losses

Unnoticed
Losses

The hidden cost behind apparent best practices

Oversight & Regulation

Oversight & Regulation

Meeting your obligations

Unseen Risks

Unseen Risks

Mastering Well Integrity is impossible if you cannot see the real risks

Well Abandonment

Well Abandonment

Avoid a sting in the tail

Catastrophic<br/>Failure

Catastrophic
Failure

We can’t afford to lose reputation – even a shred of reputation