| Work Detail |
Aberdeen-headquartered decommissioning specialists Well-Safe Solutions has been awarded two new contracts totalling $25m. The scopes comprise decommissioning activity in the UK Continental Shelf for Spirit Energy and an additional global operator. The deals will see the Well-Safe Protector jackup and Well-Safe Defender semisub fixed for a combined 170 days of firm work, with options for a further total duration of up to 140 days in 2025 and 2026—worth up to $25m. Spirit Energy has booked the Well-Safe Protector to decommission five wells on the York platform in the Southern North Sea over 97 days, after a successful 15-well campaign earlier in the year. The firm scope is planned to start in the second quarter of 2025, with the two optional subsea wells to be decommissioned in direct continuation or deferred until a later date. Under the second contract, the Well-Safe Defender will carry out a well decommissioning campaign on at least two subsea wells in the North Sea for an unnamed client, beginning in March 2025 and lasting for 75 days, in direct continuation with the rig’s current employment. The contract contains two optional subsea wells, which may be added in direct continuation with the firm scope in 2025, plus a further three subsea wells to be executed during 2026. “As the North Sea continues to face political and economic headwinds, it is heartening to see operators securing valuable North Sea assets amidst a backdrop of availability concerns and units departing the region. Approximately 60% of the UKCS’ topside and subsea decommissioning is set to occur between 2026 and 2032, making this a key growth industry for the UK and Scotland alike,” noted Chris Hay, chief commercial officer at Well-Safe Solutions. |
