Well-Safe Solutions, a noteworthy new participant to North Sea decommissioning and a specialist well prosperous company, has taken over Intervention Project Management (IPM) for an undisclosed amount last week.
IPM’s organizer and overseeing chief, Phil Milton, has been designated CEO of Well-Safe Solutions that has been set up to profit by the huge decommissioning opportunity in the North Sea by giving a historic way to deal with the safe and cost-productive decommissioning of subsea wells. Well-Safe Solutions, which intends to earn US$ 236.33 million through investments and generate 400 new employments, offers an authority well abandonment service benefit that will enable operators to address the difficulties and administrative objectives around decommissioning.
Well-Safe Planning Gathering A Plenty of Subsea Oil and Gas Expertise
Set up by Alasdair Locke, Paul Warwick, and Mark Patterson Well-Safe Solutions will consolidate an abundance of subsea gas and oil expertise and involvement with dedicated resources and equipments, to emerge as the first-of-its-kind level one organization with an entire P&A capacity from design to execute the project and front-end building.
With more than 26 years’ involvement in well engineering in the worldwide oil and gas industry, Mr. Milton has a reputation in P&A and in new businesses. His broad specialized information is supported by his certifications in the protected and productive delivery of workovers, well services, and well abandonment operations in the area around the North Sea and past for BP, BG, CNR, Shell, and Conoco. In shaping IPM, Mr. Milton is first centered on providing high gauge well engineering work force to service sector and the operators. The self-financed start-up rapidly developed to end up being a reliable and trusted supplier of well engineering project and support administration in the North Sea, West Coast of Africa and Australia.