Plugging and abandonment costs are one of the highest cost areas in decommissioning, comprising about 60% of the total decommissioning cost. Unexpected changes in project scope can cause huge additional costs or delays due to rig rates or vessel rates.
We understand the complexities of plugging and abandoning and can help you drive significant cost savings, improve project efficiency, reduce risk and safely abandon your wells.
What we offer
Our multidiscipline teams evaluate and prepare and execute abandonment plans for single or multi-well scenarios. We provide confidence that your project is managed within budget and time constraints. We carefully select a tailored approach to your abandonment program ensuring costs are minimised.
What are the benefits?
- Project managed within budget and time constraints
- Control and reduce operating costs
- Legislative compliance
- Optimise decommissioning spend
Why choose LR?
Our robust well project management expertise coupled with our recognised independence, ensures that we focus on finding the right solution for your abandonment plans. Through our global expertise in well operations, risk management, integrity, surveying and geoengineering we provide confidence that you can deliver your P&A plans safely anywhere in the world.
Who we work with
We help businesses across dozens of sectors push forward and achieve like never before. How can we help you?
Cost-risk evaluation leads to deferred P&A.
We helped our client save cost compared with conducting a full plug and abandonment project, deferring unnecessary CAPEX for 10 or so years.
What we think
LR's experts regularly share their research and insights.