Proserv Offshore, which has its global headquarters at Kintore, in Aberdeenshire, has launched new decommissioning service Proserv Energy on its stand at OTC.
Initially targeted at the US market, Proserv Energy will take over offshore assets earmarked for decommissioning, assuming the risks and responsibilities involved in planning, project managing, budgeting and execution.
Proserv Offshore believes this new service will be particularly welcome in the current difficult financial environment. Small to medium-size producers, in particular, are keen to free up operating capital by disposing of non-productive liabilities.
They are also concerned about recruiting the necessary manpower to manage a decommissioning project and raising the finance to meet all the environmental, legal and insurance requirements.
David Dent, managing director of Proserv Offshore, said: “In the current financial climate, producers need to focus their resources and their staff on taking their business forward.”
Ron Twachtman, who is heading up the Proserv Energy division, added: “Once a producer has identified a lease to decommission, Proserv Energy will submit its total cost. The lease is then assigned to Proserv Energy, and we take on the asset with all the liabilities, including plugging the wells, abandonment of pipelines, removal of structures and any debris.
“The response has been very positive.”
The new Proserv Energy division will be based at Proserv Offshore’s Houston base.
Proserv Offshore, the former Proserv Abandonment and Decommissioning business unit of Proserv Group, was established as a separate company earlier this year.
Recommended for you
