Establish a Net Zero Technology Solution Centre
Create more than 100 new technology start-ups, adding £2 billion in economic value
Adding over £10 billion in economic value through technology and innovation
Offering the first fully integrated “Tier 1” service provision in this domain. Well-Safe will deliver safe and efficient multi-operator, multi-well decommissioning operations using dedicated and bespoke assets deployed as part of the ‘P&A club’ concept in collaboration with clients. This innovative commercial approach offers significant benefits through sharing value and risk over an aggregated work scope which enables continuity and leads to continually improving performance with lower and more predictable costs.
To enable this model, it became evident that ownership of key assets was necessary to be able to provide that long-term price stability and predictability. Well-Safe has recently acquired the Well-Safe Guardian, a semi-submersible rig, which is currently undergoing conversion into a bespoke well decommissioning asset. With the addition of a saturation dive spread and riserless subsea intervention system, the unit aims to deliver a materially different solution to the decommissioning market.
As a part of the Forth and Tay Alliance – which aims to establish Dundee as a hub for North Sea decommissioning - and in conjunction with other service companies, Well-Safe will deliver full scale well decommissioning solutions from design engineering through to execution, whilst simultaneously supporting regulatory reporting and HSE leadership.