Norwegian firm HydraWell has developed a plug and abandon (L.P.) solution that uses well intervention gear than a traditional rig. The L.P. system significantly reduces costs and environmental impact, the company says. "Our experience is that oil companies are very open minded when it comes to cost efficient plugging methods, and we strongly believe that they are interested in exploring this solution too”, said HydraWell CEO Mark Sørheim.
Norwegian firm HydraWell has developed a plug and abandon (P&A) solution that uses well intervention gear than a traditional rig. The P&A system significantly reduces costs and environmental impact, the company says. "Our experience is that oil companies are very open minded when it comes to cost efficient plugging methods, and we strongly believe that they are interested in exploring this solution too”, said HydraWell CEO Mark Sørheim.