ExperWELL® was nominated to the 2nd Round of the Call for Ideas Transforming Well Plug and Abandonment – The ‘Develop’ Stage
ExperWELL® was nominated to the 2nd Round of the Call for Ideas Transforming Well Plug and Abandonment – The ‘Develop’ Stage. The Call is organized by the Oil & Gas Technology Centre (OGTC), Aberdeen, UK.
At the 1st Round the feedback from the evaluation panel was that ExperWELL®‘s products and technology was an interesting idea and innovative technology that potentially help transforming Well Plug and Abandonment. Therefore, ExperWELL®‘s was selected to the 2nd round of the Call.
Short introduction of the Call:
The plug and abandonment of hydrocarbon wells is the process by which a well is closed permanently, usually when there is insufficient hydrocarbon potential to complete the well or after production has drained the reservoir.
Over the next decade, 1,400 wells are forecast to be abandoned on the UK Continental Shelf 1, at a cost of c.£7 billion 2 creating a significant burden for the UK oil and gas industry and UK taxpayers.
A large proportion of these costs are driven by the need for drilling rig-based activities. Therefore, a significant opportunity exists to drastically reduce well plug and abandonment (P&A) costs, and thus total decommissioning costs, through ‘rigless’ methodologies.
The Open Innovation Programme helps OGTC to identify, accelerate and deploy innovative technologies to unlock the full potential of the UK North Sea. OGTC works with the oil and gas industry, academic institutions and the wider technology community to deliver theme-based technology showcases, Tech Talks and workshops that inspire new thinking and collaborative innovation.
The Oil & Gas Technology Centre called for innovative ideas and concepts that would have a material impact on this transformation.
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