European well decommissioning contract win for THREE60 Energy drives new jobs and growth

THREE60 Energy, a leading independent energy service company offering complete asset life cycle solutions, has been awarded a multi-million euro well decommissioning contract to plug and abandon multiple offshore wells in Europe.

The new contract will see THREE60 Energy permanently decommission 13 injection, production and observation wells, creating new jobs for the company in the UK and Europe.

THREE60 Energy, which has geographical hubs in UK, Norway and Malaysia, will utilise its well decommissioning team to deliver the plug and abandonment designs, prepare operational planning and supervise the offshore execution, which includes the management of the jack-up rig and well abandonment subcontractors.

Nick Ford, Wells UK Managing Director at THREE60 Energy, said: “With our strong track record of offshore delivery and well abandonment we bring almost 20 years of the technical skills, capabilities and experience needed to successfully deliver this significant well decommissioning project offshore Europe.

“We were thrilled to be awarded the work after an intensive tender process, in which we demonstrated our ability to deliver under competitive commercial terms. We look forward to safely delivering this exciting project, on time and on budget.”

Walter Thain, CEO at THREE60 Energy, said; “This contract clearly demonstrates the opportunities available for supply chain companies globally, especially within decommissioning, and is a great example of transferring our competency and capability across multiple geographies. We’re excited to continue growing our decommissioning delivery and play a key role in decarbonising the future as part of the wider energy transition.” 

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