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Annual Report 2015

Conventional Abandonment

Overview

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There are thousands of conventional oil and gas wells that date back to the early part of the last century. These wells suffer extensive corrosion and metal loss. As newer wells especially those in unconventional fields are drilled and completed in close proximity, the resulting fractures may create unintended communication pathways with older wells in the area. Proper plug and abandonment (P&A) of older conventional wells mitigates this issue.

With decades of experience, a global footprint, and the broadest set of well-abandonment technologies in the industry, Weatherford provides a comprehensive solution scoped and managed by a single company. Our offerings help to reduce the complexity of P&A operations and ultimately lower costs.

Challenges

Lower abandonment costs

Reducing initial abandonment costs as well as the probability of cost escalation due to scope creep

Tackle inventory backlog

Addressing the backlogged inventory that has built up over the past 60 years

Improve asset management

Standardizing competencies and practices to enhance efficiency and reduce P&A costs

Reduce project management complexity

Meeting the challenge of increasing work volumes with a single service provider

Well Abandonment Integrated Approach

Our portfolio of differentiated technologies, broad onshore expertise, and flexible commercial models give us a unique approach to abandonment projects represented by the Well Abandonment Advisor solution. Leveraging our significant knowledge base, we have developed a risk-based software tool that helps clients to more accurately plan and budget abandonment projects. As a single‑source provider, we can enter the P&A process at any stage and manage the project to completion safely, on time, and on budget.

Technologies

Technology is at the heart of our approach to meeting clients’ needs. We constantly update and refine our technologies to solve new challenges encountered in the field.

Contact Us

We are here to help address your challenges and maximize production. Please contact us to be connected with a technology expert and find a solution to fit your needs.

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