TWMA Clinches North Sea Contract
Total Waste Management Alliance (TWMA) has been awarded a three-year contract worth around £15million by Maersk Oil to provide drill cuttings process and handling services offshore in the North Sea.
TWMA will continue to provide drilling waste management services to the Noble Ton van Langeveld (NTVL) semisubmersible, and also work on the Ensco 101 jackup. The company is providing its cost-effective TWMA TCC-RotoMill units that recycle the by-products of the drilling process in situ, removing the need for skip and ship operations.
The agreement includes options to extend for a further two years.
Ronnie Garrick, managing director of TWMA, said, "We are delighted that Maersk Oil has extended our services on NTVL and expanded work to a jack-up. Winning this contract is testament to the quality and cost-effectiveness of the processing services that TWMA's team has delivered to Maersk Oil and it is a significant contract for our long-term relationship with the company.
"TWMA is leading the field in providing environmentally sound, cost-effective technologies to oilfields around the world. As new environmental legislation impacts on more companies, we expect demand for our services to continue to grow."
He added that TWMA's operational cost-advantage was achieved by maximizing the productivity of the equipment and reduced waste transportation costs.
"The TCC-RotoMill and TCC-RotoTruck run 24-hours per day, and they are not weather dependent. Operating without the need to work around weather windows is a massive benefit, especially in the drilling industry where predicting weather operating windows is difficult and downtime is so costly, especially with rig rates etc rising again. We estimate the cost saving realized by hiring TWMA's ground-breaking technologies is £1.3million per drilling operation."