Oil & Gas News

Mermaid Subsea UK Receives Major Multi-Well Contract Award

Just months after the completion of its inaugural vessel-based well plugging and abandonment (P&A) campaign, Mermaid Subsea Services UK has announced the award of a major multi-well contract, to be carried out on behalf of a North Sea operator.

MermaidAccounting for the creation of up to 12 new roles at Mermaid’s Aberdeen headquarters, the two-year contract will comprise the decommissioning of 22 wells and represents the integrated subsea provider’s largest contract to date.

With activity already underway, Mermaid Regional Director, Scott Cormack comments: “We are delighted to announce the award of this contract, which follows hot on the heels of our well P&A activity during Q4 2022 with collaborative partner, Exceed.

“This project serves to underline the reputation we have so quickly gained for safe, efficient and cost-effective vessel-based well P&A, which draws upon our core team’s combined track record across the decommissioning sector.

“Well P&A has been highlighted time and again as an important lever in the reduction of what accounts for approximately 50% of all costs within the decom sector. The vessel-based P&A approach provided by Mermaid results in significant agility and flexibility across the whole work scope, which plays a critical role in the drive to reduce the North Sea’s decommissioning bill.”

Mermaid Offshore COO, Paul Whiley added: “Congratulations to Scott and the Aberdeen team for what’s been achieved here, as Mermaid continues to focus on this sunrise space for our offshore energy activities. Our strategy remains to provide quality to the proponent and returns to our stakeholders in equal measure.”

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