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DNV GL - Oil & Gas Augsburger Str. 9 86157 Augsburg, Germany http://www.dnvgl.com/
Contact Ms Cathrine Torp
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DNV GL - Oil & Gas

Cutting well P&A costs by using DNV GL's new Recommended Practice

(PresseBox) (Augsburg, )
Plugging and abandonment (P&A) of offshore wells represents the highest cost within field decommissioning for operating companies and national authorities. DNV GL has now issued a new, globally applicable Recommended Practice (RP), on risk-based abandonment of offshore wells which in combination with optimized project execution and new technology could potentially reduce P&A costs by 30–50%. The framework outlined in the RP provides the possibility for individualized, fit-for purpose well abandonment designs, a contrast to the prescriptive methodology available in the industry today.

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