Well-Safe Solutions awards two multi-million-pound contracts to refurbish the Well-Safe Guardian

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Well-Safe Solutions has today announced the award of two multi-million-pound contracts to continue the refurbishment of the Well-Safe Guardian, the decommissioning company’s first asset, into a bespoke plug and abandonment unit.

Global Energy Group and Rigfit7seas have been appointed to deliver the ambitious upgrade of the semi-submersible drilling rig.

Global Energy Group will provide quayside services and the paintwork scope while Rigfit7seas will provide accommodation upgrade services.

Well-Safe is progressing in a timely manner with the refurbishment work on the asset which it acquired earlier this summer. As part of the upgrade, Well-Safe will be installing a dive system and the capability to deploy a SIL (subsea intervention lubricator).

Phil Milton, Chief Executive Officer of Well-Safe Solutions, said: “The award of these contracts, within the timeframes we committed to, will ensure that this bespoke plug and abandonment asset will be available to the industry in 2020.”

Global Energy Group, who have been supporting Well-Safe with marine operations and quayside services since April this year, following the acquisition of the asset, have secured the contract to support the upgrades and life extension works at the Port of Nigg.

Stuart Paterson, Managing Director for Global Energy Group, Access & Coatings commented: “We are thrilled to have been awarded this contract to bring the flagship semi-submersible up to standard. Creating opportunity for additional employment, we expect to have in the region of 80 personnel engaged in various work scopes until the end of the year. Working in partnership with Well-Safe, Global Energy Group will provide fully encapsulated scaffold access, blast and paint services along with the provision of rope access personnel, mobile cranes, plant and labour, workboats and onsite facilities for the duration of the rigs yard stay at our Nigg Energy Park facility.”

Brian Knowles, Group Managing Director, Rigfit7seas said: “We are delighted that Well-Safe has chosen Rigfit7Seas to carry out this sizeable scope on their flagship project. As the leading contractor in the market for accommodation upgrade services, this award will see Rigfit7Seas execute another project destined for operation in the North Sea. The project award further enhances our already extensive offering in the international marketplace and, at peak, will secure around 50 jobs across our engineering and construction teams for approximately 100 days, starting immediately.”

Launched in August 2017 with the vision to become a ‘Tier One’ wells decommissioning company,  Aberdeen-based Well-Safe Solutions boasts over 500 wells worth of experience among its staff and, with the Well-Safe Guardian, is firmly on track to deliver a complete P&A solution to its clients.

Mr Milton added: “We believe we are now a key part of helping the industry achieve its 35% decommissioning cost reduction target. Joint well plug and abandonment campaigns, using our club approach will not only be more cost-efficient, but also help build UK supply chain expertise in decommissioning.”

Research has indicated there are over 33,000 wells worldwide to be decommissioned over the next twenty years.  Well-Safe’s long-term goal is to export their model and advance from the UK into this global marketplace.

Well-Safe Turns Two!

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It’s Well-Safe’s Two Year Anniversary

“With continued support and collaboration from the industry, it has been brilliant to watch the company grow over the last year. Not only in size, but in strength with over 500 wells worth of experience, from our dedicated and hardworking team. Acquiring the Well-Safe Guardian, the first asset from our P&A Club offering and landing our first major contract have been huge highlights this year and with the move to our new office just around the corner, we can’t wait to continue our journey with some exciting opportunities coming up!” Phil Milton, Chief Executive Officer.

Well-Safe Solutions’ Multi-Million-Pound Investment for New Aberdeen Headquarters

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Well-Safe Solutions today announced it will be moving headquarters, following a landmark contract win and acquisition of its first asset. 

 The decommissioning company, set up in 2017, has invested several million in the HQ building at C4 Gateway Business Park, Cove, Aberdeen, having already out-grown its current offices at Hill of Rubislaw. 

Established to provide a unique Tier 1 well abandonment service, Well-Safe Solutions is on-track to deliver its ambitious plans, having acquired a semi-submersible drilling rig – the Well-Safe Guardian and been awarded a contract to decommission up to twenty-one wells on the Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited. 

Graeme MurrayLegal & Commercial Director at Well-Safe commented “This has been an exciting journey and we are now ready to take the next step towards growing the business. We are delighted to have found an ideal building that will give our employees a great working environment.  It also will give us very quick access to our Dundee marine base, and with the new bypass, will make it much easier for all our employees to travel to and from the site.”   

The facility has the capability to house more than 200 people over two floors, with Well-Safe initially taking over the top floor with the option to expand downstairs giving sufficient capacity to accommodate continued growth over the next five years.   

Mr Murray added: This significant investment demonstrates the company’s desire to become a global leader in the well decommissioning space.  

The company is gearing up for further contract awards and is in the final process of selecting a number of assets that it will purchase to enhance its complete well plug and abandonment package offering. 

If you fancy joining the team here at Well-Safe, why not check out the careers section of our website!

The Well-Safe Journal – Issue 2

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We’re back with our second edition of The Well-Safe Journal!

It’s that time of year again and we have been working hard to put together another issue of ‘The Well-Safe Journal’. Talking about where the company is now, our contract award and our asset upgrade. Make sure you don’t miss the chance to read what’s new with us!

Don’t forget to check out page 7 for your chance to win a Mini i-Pad!

Please get in touch with us at info@wellsafesolutions.com if you would like to be sent a hard copy!

Well-Safe Solutions Secures Landmark Contract for North Sea Decommissioning Project

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Well-Safe Solutions has announced the award of a major contract to decommission up to twenty-one wells on the Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited, a wholly owned subsidiary of DNO ASA.

The Schooner and Ketch fields, located in the UK Southern North Sea, ceased production in August 2018, with 20 platform wells and a single subsea well. The project will start immediately with a plan to commence offshore operations at the end of 2019. The campaign is expected to last approximately two years.

Phil Milton, chief executive at Well-Safe Solutions said: “This is a fantastic achievement for Well-Safe, allowing us to build a continuous programme of work through campaign-based approach and realising the associated benefits.”

Well-Safe will be responsible for the delivery of key aspects of the project including engineering,  contractor management and logistics with DNO retaining well operatorship.

The contract award follows the recent announcement of Well-Safe’s acquisition of its first semi-submersible asset, the Well-Safe Guardian.

Featured Picture: Bogi Vang, Deputy Country Manager UK & Senior Financial Adviser at DNO North Sea and Phil Milton, Chief Executive Officer at Well-Safe Solutions

Decommissioning Company Makes Multi-Million Investment in First Dedicated P&A Asset

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Well-Safe Solutions today announced that it has agreed to acquire the Ocean Guardian semi-submersible drilling unit sparking another jobs boost for the company.

The asset, currently owned by Diamond Offshore, has been a stalwart in the North Sea, drilling hundreds of wells since entering service in 1985.

Upon delivery, Well-Safe will start work immediately on an upgrade of the semi-submersible, which will be renamed the ‘Well-Safe Guardian’, converting the asset into a bespoke plug and abandonment (P&A) unit.

Well-Safe will invest in the region of $100 million dollars on upgrades to deliver a truly bespoke P&A unit. This will include installing a dive system and the capability to deploy a SIL (subsea intervention lubricator) – which is nearing completion of the design and engineering phase, supported by the Oil and Gas Technology Centre (OGTC).

Well-Safe confirmed that the acquisition would bring a further ninety jobs to the North Sea over the course of the next year, adding to the company’s current forty employees.

This is the first time a privately owned, Scottish business will own and operate this type of unit. The company is already progressing conversations to add a second semi-submersible to their business. This will be followed by a Jack-Up, Mono-hull vessel and Land-based P&A units.

Mark Patterson, Executive Director, who heads up the asset purchase programme, said: “This is a major milestone in Well-Safe’s journey and one that is in-line with our strategy.  It’s great to have The Ocean Guardian, which has a great reputation on which we will build, as our first asset.”

Launched in August 2017 with the vision to become a ‘Tier One’ wells decommissioning company, the Aberdeen-based company is progressing swiftly to realising its ambition, boasting over 450 wells worth of experience amongst their team.

Andy Samuel, CEO of OGA, commented: “The OGA very much welcomes new investments and innovative business models such as this, as a key part of achieving industry’s 35% decommissioning cost reduction target. Joint well plug and abandon campaigns, using the club approach should not only prove to be more cost efficient, but also help build UK supply chain expertise in decommissioning which is then globally exportable.”

Phil Milton, Chief Executive Officer of Well-Safe Solutions said: “We have stayed totally focused and committed to our original strategy and are delighted to have reached this agreement with Diamond Offshore for the acquisition of our first asset, which will allow us to deliver the complete P&A solution.”

“We have had a number of in-depth conversations with potential clients and believe the purchase of this asset will allow us to advance these towards firm commitments to our P&A Club”

Research has indicated there are over 33,000 wells worldwide to be decommissioned over the next twenty years.  Well-Safe’s long-term goal is to export their model and advance from the UK into this global marketplace.

Well-Safe continues to build a strong foundation for the future with a very strong and impressive management team. The addition of the “Well-Safe Guardian” as the first asset solidifies their commitment to providing the full P&A Club offering.

Our New Brochure

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Well-Safe’s New Brochure

In recent months we have been working hard to put together our first brochure. Make sure to click on the link below and check it out!

Alternatively, get in touch with us at info@wellsafesolutions.com if you would like to be sent a hard copy!

Well-Safe Announce Chief Operating Officer

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Well-Safe Solutions is delighted to announce the appointment of key executive team member

Well-Safe Solutions is today delighted to announce the appointment of a key position within the Executive Team.

Matt Jenkins is to become Chief Operating Officer of Aberdeen-based Well-Safe Solutions with immediate effect with a promotion from his current position as Director of Well Abandonment within the organisation.

Joining Well-Safe in late 2017 with 15 years of experience at ConocoPhillips, Matt led UK P&A Engineering and Strategy where he was responsible for the decommissioning of over 50 wells since 2014.

Matt said of his promotion: “I’m very proud to have been asked to step up into this incredibly important role within the organisation and I am excited at the opportunities this will bring me on a personal and professional level.

“The last year has been tremendously exciting with incredible support from industry We have gathered a fabulous team that is destined for great success.”

Alasdair Locke Charmian commented: “We are delighted to offer this promotion to Matt. He has demonstrated great leadership and understanding of our business and commercial offering and seeing such talent being rewarded with such a key position fits very well within the tremendous business ethos Well-Safe Solutions strive to achieve.”

Well-Safe Solutions’ CEO, Phil Milton, also commented of Matt’s appointment: “I am delighted to have Matt as the COO here at Well-Safe. He has more than demonstrated in the last year his ability to lead the operational aspects of Well-Safe and having him as a shareholder clearly demonstrates his commitment to the business.”

The company now has more than 35 personnel working for a string of clients and aims to employ more than 400 people within the next three years.

Well-Safe offers a fully-integrated ‘Tier 1’ well abandonment service, providing the complete P&A project delivery from strategy definition and development through to the execution of operations utilising the firm’s own bespoke marine and land-based assets.

Well-Safe has launched five P&A clubs that have sparked considerable interest in the business and is in final negotiations on acquiring key assets.

The team pledges to retain and share lessons learned and operate in collaboration with clients to achieve significant cost reductions. The capital released can then be utilised by operators to invest further in the North Sea basin and help execute Maximise Economic Recovery (MER), a key plank of the Oil & Gas Authority’s strategy.

Well-Safe Introduces Three New Graduates to Industry

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Well-Safe Solutions, this month have introduced three new graduates to their fast-growing team. The Aberdeen-based well abandonment specialist in collaboration with Scottish Enterprise and ScotGrad will bring on three new positions in Finance, Well Engineering and QHSE.

The Aberdeen-based company has amassed the largest concentration of decommissioning expertise in the oil and gas industry. Boasting in excess of 400 wells worth of experience among its workforce, Well-Safe believe it is the perfect time to introduce graduates into the rapidly growing business.

Phil Milton, Chief Executive Officer of Well-Safe Solutions said: “The importance of young people within the industry, especially at this time, is key. Well-Safe’s core values are based on collaboration, knowledge and lessons learned. As we’re a growing organisation, we look for people with unique skills and experience. It is an ideal time to bring in young talent to work alongside knowledgeable individuals and create a collaborative and sharing environment”

“Allowing individuals to develop a set of valuable skills as a foundation for their future is important to us and as a start-up organisation as we grow, they are able to grow alongside us. It is the perfect time to experience the business at this early stage.”

Well-Safe worked alongside Scottish Enterprise to develop this project and used the ScotGrad initiative to connect with a wide range of talent to fulfill the requirements necessary for these placements. Carri Cusick, Well-Safe’s Account Manager at Scottish Enterprise said: “It’s fantastic to see Well-Safe welcome graduates into its workforce. ScotGrad introduces fresh graduate talent to Scotland’s businesses and offers graduates the chance to work on significant company projects, whilst providing them with much-needed work experience. These placements can often lead to permanent positions with some of Scotland’s most exciting companies.”

The addition of the three graduate positions follows the promising first year Well-Safe has had in business with the development of their five P&A clubs, aiming to reduce the cost of well plug and abandonment operations, following significant interest in this innovative approach by operators in the North Sea.

 

 

Well-Safe Turns One!

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It’s Well-Safe’s One Year Anniversary

“Hard to believe its been a year in business already, we have achieved much more than we originally planned and had excellent support and collaboration with the industry. A lot of hard work, but equally lots of fun too. We’ve built a fantastic team and I am very impressed with their dedication. Now with 35 people and over 400 wells of expertise under our belt, this positions us well for our second year in business. We very much look forward to continuing the growth of the company, where we are working hard on some very exciting opportunities, which we will be delighted to share with you in due course!” says Mark Patterson, Executive Director.