Aquaterra Energy, a leading offshore engineering solutions company, has launched a series of innovative services to facilitate the re-entry and abandonment of old offshore wells. These wells, previously drilled for oil and gas extraction, are oil and gasThe wells, previously drilled for oil and gas extraction, will now be used for carbon dioxide storage (CCS) and hydrogen storage projects, a key to the energy transition.
With its new patent-pending Recoverable Abandonment Framework (RAF), Aquaterra is tackling one of the industry’s biggest technical challenges: the accurate location and safe abandonment of problematic wells that could pose environmental hazards. These structures, being below the seabed, pose a potential risk of leakage, a problem the company has solved with its subsea imaging and well technology.
Aquaterra reduces offshore well reentry costs with RAF
The RAF system system allows effective reentry of wells through the installation of subsea pipelines, which protects aging infrastructure from environmental loads. This breakthrough saves time and costs and also guarantees an 80% reduction in operating expenses, with estimated savings of up to £20 million per well.
The company is already in negotiations with major operators in the energy sector. energy sector and CCS in the North Sea and the Asia-Pacific region. It aims to deploy its technology in several wells, supporting global efforts to reduce carbon emissions and increase the use of hydrogen as a clean energy source.
With this technology, the company promises to improve the efficiency of well abandonment projects and reduce lead times by 50%. Ben Cannell, Aquaterra’s director of innovation, says that the reabandonment of old wells for carbon or hydrogen storage or hydrogen is now a viable and more cost-effective solution. “Our approach ensures a smaller environmental footprint and enables more projects to come to fruition, driving the transition to clean energy.”
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Source and photo: Aquaterra Energy
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