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Well-Centric has secured a contract worth up to £300,000 per year with independent exploration and production company Chrysaor.
The one-year contract, which has two, one-year extension options, will see Well-Centric provide offshore services across three North Sea platforms; Lomond, Everest and Armada. Services include surface wellhead and xmas tree repair, testing and maintenance. Annulus top-up operations will also be carried out using Well-Centric’s innovative Annulus Lubrication Filling (ALF) Valve. The company will also be providing workshop testing, refurbishment and storage of equipment.
Well-Centric CEO, Gary Smart, said: “Securing this contract was a direct result of work we previously carried out on all three North Sea assets, and demonstrates Chrysaor’s confidence in our ability to successfully deliver efficient and cost-effective services.
“Our services are of special benefit to assets operating in the mature phase, such as the Lomond, Everest and Armada platforms. This contract award demonstrates Well-Centric’s capabilities as a multi-disciplined well integrity organisation, and enables us to continue strengthening and optimising our portfolio.
“These types of contracts demonstrate the
industry’s commitment to, and competitiveness in maximising the ongoing economic
recovery of the North Sea and effectively extending the life of mature assets.”