Petro Well Services Limited
Petro Well Services AS’ vision statement is to be the preferred global service provider to the Oil and Gas Industry of Modular Units capable of Plug and Abandonment, Well Intervention and Side Track Drilling activities.
The Optimus unit (low cost, POB and footprint) successfully completes its first operations in Q3 2018 on a 22 well P&A program for a major operator in the Norweigan sector. Current evaluations demonstrate a c.50% reduction in abandonment expenditure.
The company also have access to a field proven 600,000 lbs pull capacity unit, and have the finances to custom design, build and operate further units to satisfy customer requirements.
The team provide a cumulative total of 200+ years’ experience in the design, build and operation of novel, innovative Modular rigless units for the UK and Norwegian Continental Shelf.
Using a compact, capable and compliant Modular Unit Service for Well Abandonment will drastically reduce cost and project timelines for Operating Companies. The unit (Optimus) and our operations have been audited by the Norwegian Petroleum Safety Authority with no non-conformities raised.
In 2018, PWS launched a Technologies division focused on offering the following services:
Integration/ Installation/ Commissioning
Development and deployment of temporary equipment
Subsea controls and tooling