- Mermaid Subsea Completes Landmark 21-Well Project in the North Sea.
- Mermaid Positioned for Growth in North Sea Decommissioning.
- Mermaid Subsea Wraps Up First Stage of Shell Contract Ahead of Schedule.
Mermaid Subsea Services (UK) Ltd has completed its two-year, 21-well plugging and abandonment campaign across the northern and central North Sea with the support of Island Offshore’s charter vessel, the 2007-built Anchor Handling Tug Supply vessel Island Valiant, reports Seatrade Maritime.
Strong Position in the North Sea Decommissioning Market
Scott Cormack, regional director for Mermaid Subsea Services (UK), said: “This has been a landmark project, not just for Mermaid but also for the wider North Sea decommissioning sector. For a company that only entered the UK in 2020 to have carried out, what we understand to be, the largest vessel-based decommissioning campaign in the region ever is a huge achievement, a testament to the Mermaid team and further proof that there is space in the market for a new player delivering innovative solutions.”
Expanding Operations
Mermaid Subsea Services (UK) is the UK subsidiary of Singapore-listed Mermaid Maritime, a subsea services specialist with operations across Asia, the Middle East, Africa, and Europe. It has headquarters in Thailand and offices across the Middle East and the UK. Cormack highlighted that the successful project speaks to the demand for a new, innovative player in the sector, stating “I would like to thank the whole Mermaid team for playing their part in the successful delivery of this project and to the client for putting their faith in our safe, efficient and cost-effective vessel-based well P&A offering.”
Early Completion of Shell North Sea Decommissioning Contract
In addition to the recently completed 21-well P&A project, Mermaid has also finished stage one of a three-year North Sea decommissioning contract early for Shell. This multi-year contract includes the first part of a three-part campaign for the removal of wellheads and protection covers with transport to shore for landfill; stage two of the campaign is scheduled to commence in 2025.
Providing Cost-Effective Solutions in Well Plugging and Abandonment
Mr Cormack said: “Well P&A is the single biggest cost, most time demanding, and incredibly technically challenging element of any campaign. Efficient and effective operations can have a big impact on the North Sea’s overall decommissioning cost. Mermaid’s vessel-based P&A approach offers clients real agility and flexibility, ensuring that projects can be delivered on time and on budget.”
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Source: Seatrade Maritime
