HydraWell has signed a contract with Chevron North Sea Ltd. for the provision of equipment and personnel for plug and abandonment services on the U.K. continental shelf, the company said on June 21.

The contract is valid for three years, with two additional one-year options.

HydraWell will provide support out of its office and operational hub in Aberdeen, U.K.

HydraWell high pressure PWC (perforate, wash and cement) jetting system can plug and abandon, or complete annulus remediation work as required.

The key benefit of the PWC jetting system is that it can install a rock-to-rock barrier, in line with U.K. regulatory requirements, in less than two days. In comparison, traditional methods such as section milling can often take 10 to 14 days.

“This technology can help significantly reduce the cost of plugging operations compared with traditional methods. The cost and increased benefits of using this innovative technology has seen a rise in the number of operators choosing the PWC method when abandoning or restoring the integrity of hydrocarbon wells, which is encouraging,” Mark Sørheim, HydraWell’s CEO, said.

To date, 16 operators—including major, national and independent oil companies—have utilized the PWC technology, installing close to 250 plugs worldwide.

HydraWell is jointly owned by the company’s management and private equity fund Norvestor VII LP, which is advised by Norvestor Equity AS.

Offshore