To improve cross-industry collaboration on N. Sea oil well-related issues, Oil & Gas UK has released updated guidelines for the abandonment of wells together with accompanying guidance on generating cost estimates to support this activity.
Oonagh Werngren, Oil & Gas UK operations director, said: “As the industry steps up its effort to tackle its cost base and improve efficiency, the guidelines on well abandonment cost estimation provide industry with a common framework in which to generate more consistent and complete cost estimates.”
“The first guidelines on well abandonment were produced in 1994. These new guidelines are testament to the industry’s collective and continuing commitment to regularly review and improve safety and performance in all aspects of well practices.
“Oil & Gas UK developed this fifth issue of the guidelines with well-operators from member companies and other stakeholders to clarify good practice.”
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