Late Life Optimisation & P&A Workshop

Offshore Energies UK (OEUK) states in it’s 2023 Business Outlook that around £200bn could be spent in offshore energy projects up to 2030.  In terms of existing well stock, 30% of existing wells remain shut-in, well above the North Sea Transition Authority’s (NSTA) KPI of 10%.  The NSTA Wells Insight Report 2023, states that in 2022 46% of wellbores had reported issues.  Also, in 2022 total hydrocarbon losses in UKCS fields amounted to 22million boe with 41% completion losses, 31% reservoir losses and 28% wellhead losses.

Also, decommissioning activities in the UK and industry forecasts predicting spend of £19.73bn between 2022-2031 (with £1.83bn spend per year up to at least 2025), 48% of which will be spent on well P&A.  Forecasts also indicate that over 2,100 wells will be decommissioned over the next decade.

With all of the above in mind, Norwegian Energy Partners (NORWEP) is hosting a one-day Late life, Optimisation and P&A workshop on 19th March 2024, in order to showcase Norwegian capabilities in all of these areas.  The event is scheduled for the same week as OEUK’s annual Share Fair event in order to offer NORWEP partners an opportunity to attend this event during the same trip to Aberdeen.

The North Sea Transition Authority will provide a key note introduction to the event and case studies will be presented by Repsol and Harbour Energy.

• The event is free of charge for customers - Register your attendance by clicking on "Join event" on top of this page.
• If youre a NORWEP partner and want to present at this event, please contact Anne Lise Gramstad