Transforming the Plugging and Abandonment of Wells
- Technology Centre seeks solutions to transform offshore well plug and abandonment
- £1 million available to fund a portfolio of projects with deliverable within two years
- Successful submissions will receive specialist guidance and support
On 1 May, the Oil & Gas Technology Centre launched its first ‘Call for Ideas’ inviting innovative technology concepts and ideas to transform the way that offshore hydrocarbon wells are plugged and abandoned, and will invest c.£1 million to fund a portfolio of projects that result from the call.
They are looking for innovative concepts that will have a material impact on this transformation, against three specific themes: modelling the probability of hydrocarbon flow to surface; verification of permanent barriers; and new and alternative methodologies and barriers.
Malcolm Banks, Well Construction Solution Centre Manager at the Oil & Gas Technology Centre said:
“Over the next decade, 1,400 wells are forecast to be abandoned on the UKCS, at a cost of c.£7 billion creating a significant burden for the industry and UK taxpayers. Reducing the costs of drilling, maintaining and abandoning wells is a key priority for the Oil & Gas Technology Centre.
“A large proportion of these costs are driven by the need for drilling rig-based activities. Therefore, a significant opportunity exists to significantly reduce well plug and abandonment costs, and thus total decommissioning costs, through ‘rigless’ methodologies.”
Submissions will be welcomed from 1 May to 11 June through the Oil and Gas Technology Centre website, where full technical details and an of overview of the process will be available.
Submissions will be evaluated against a range of criteria including value creation, sound scientific principles, time, cost and risk reduction. Successful organisations will receive professional guidance, funding, and support to develop their idea towards the next stage of development.
The Calls for Ideas process is part of the Oil & Gas Technology Centre’s Open Innovation Programme which helps us identify, accelerate and deploy innovative technologies to unlock the full potential of the UK North Sea.
- From 1 May all technical details and submission process will be available at www.theogtc.com/ideas
- The Oil and Gas Technology Centre will be using the hashtag: #CallForIdeas
- For more information on the Oil and Gas Technology Centre, please click here.
For further information contact:
Aspect Reputation Management