International energy transition specialists Well-Safe Solutions have been awarded two new contracts totalling $25m USD for approximately 170 days of firm work, using the Well-Safe Protector jack-up and Well-Safe Defender semi-submersible, according to the company's release.
The scopes comprise of well decommissioning activity in the UK Continental Shelf for Spirit Energy and an additional global operator. Both include options for a further combined duration of up to 140 days in 2025 and 2026 – worth up to $25m in addition to the firm $25m backlog.
Spirit Energy have selected the Well-Safe Protector to decommission five wells on the York platform, located in Block 47/03a of the Southern North Sea, over 97 days. Spirit Energy’s decision to award this scope to Well-Safe Solutions follows a successful campaign for both companies earlier in the year. The Well-Safe Defender previously decommissioned 15 subsea wells in the Trees, Chestnut and Appleton fields in just 11 months with 99.2% rig uptime, concluding work in March 2024. The firm scope is planned to commence Q2 2025 and will be performed in conjunction with the Well-Safe Protector’s current contract, with the two optional subsea wells to be decommissioned in direct continuation or deferred until a later date. The optional wells are projected to take circa. 50 days.
In a separate agreement, the Well-Safe Defender will carry out a well decommissioning campaign on at least two subsea wells in the North Sea for a second unnamed client, beginning in March 2025 and lasting for 75 days, in direct continuation with the rig’s current contract. This contract contains two optional subsea wells which may be added in direct continuation with the firm scope in 2025, plus a further three subsea wells to be executed during 2026.