THREE60 Energy wins multi-million dollar decommissioning contract offshore Europe

(WO) – THREE60 Energy, an independent energy service company offering complete asset life cycle solutions, has been awarded a multi-million dollar well decommissioning contract to plug and abandon multiple offshore wells in Europe.

The new contract will see THREE60 Energy permanently decommission 13 injection, production and observation wells, creating new jobs for the company in the UK and Europe.

THREE60 Energy, which has geographical hubs in UK, Norway and Malaysia, will utilize its well decommissioning team to deliver the plug and abandonment designs, prepare operational planning and supervise the offshore execution, which includes the management of the jack-up rig and well abandonment subcontractors.

Nick Ford, Wells UK Managing Director at THREE60 Energy, said, “With our strong track record of offshore delivery and well abandonment we bring almost 20 years of the technical skills, capabilities and experience needed to successfully deliver this significant well decommissioning project offshore Europe.

Walter Thain, CEO at THREE60 Energy, said, “This contract clearly demonstrates the opportunities available for supply chain companies globally, especially within decommissioning, and is a great example of transferring our competency and capability across multiple geographies.”