Well Abandonment: Q&A with Weatherford International

Rigzone: What is the best strategy to effectively retire offshore assets while minimizing risks and cost?

Olstad: The most effective aspect to minimizing risks and cost is extensive planning. The identification of any unknowns helps alleviate unexpected downtown. By having the correct equipment and experienced personnel, operations are able to be conducted in a manner that optimizes operational efficiencies.

Rigzone: Where in the world can we expect most work to occur in the well abandonment industry during the next decade or so?

Olstad: Operations in the Gulf of Mexico will continue into the next decade. We can also expect to see a more focus approach and increase of opportunities, first in the North Sea, then in areas such as West Africa and certainly in the Asia-Pacific market.


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