Daily Newsletter

16 August 2023

Daily Newsletter

16 August 2023

Archer secures decommissioning contract from Repsol Sinopec in UK

The contract involves decommissioning two wells in the Halley Field and 32 wells in the Fulmar Field offshore UK.

Archana Rani August 16 2023

Archer has secured a decommissioning contract from Repsol Sinopec to execute plug and abandonment (P&A) at two fields offshore UK.

The contract, valued at roughly $165m (£130.5m), is a fully integrated P&A project.

Archer will be responsible for decommissioning two wells in the Halley Field and 32 wells in the Fulmar Field.

The contract, which is spread over four to five years, covers the complete work scope including a modular P&A rig, well services and well engineering.

Archer intends to commence planning and engineering work with immediate effect.

At the Fulmar field, Archer will remove the existing drilling facility as well as install one of its P&A rigs.

In a press statement, Repsol Sinopec said: “The project will be an integrated effort between the Repsol Sinopec and Fulmar Site teams, who have the history and knowledge of the work site, with decommissioning specialist contractor Archer, who will ensure the work is enacted safely and effectively.”

Archer will also deploy its broad P&A well services offering to help reduce cost and time to plug each well.

Repsol Sinopec decommissioning and energy transition vice-president Adam Sheikh said: “We aim to deliver one of the North Sea’s most ambitious decommissioning programmes in the years ahead – including the full decommissioning of our Fulmar Alpha Asset.”

Archer CEO Dag Skindlo said: “We are delighted that Repsol Sinopec has elected Archer and our fully integrated operational model for this P&A project.

“The delivery model with integrated drilling and well services, supported by partners, is a step change in how operators permanently plug and abandon oil and gas wells.”

O&G players, with a focus on net-zero emissions, should look at low-carbon hydrogen as a suitable alternative

Low-carbon hydrogen presents an attractive avenue for oil companies focussing on net-zero emissions. Green and blue hydrogen are the main types of low-carbon hydrogen alternatives, with the former still in the early stages of development with most of the upcoming projects around the world at the feasibility stage, and the latter could be an intermediate step for oil and gas companies before moving to green hydrogen. Of the nearly 1,500 hydrogen plants currently being built, about 90% are based on green hydrogen while 8% are based on blue hydrogen.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close