We’re changing the economics of late-stage intervention and abandonment.
Twenty-thousand wells worldwide await abandonment, more than half of which will fall under the US Bureau of Safety and Environmental Enforcement (BSEE) Idle Iron deadline. We may be able to extend the economic life, defer abandonment, and offset the cost of both intervention and abandonment with more productive life or provide solutions to help safely abandon the wells.
We provide a dedicated team of intervention and abandonment specialists to complement our exclusive Rig-Free® technologies. In partnership with you, we can help decide whether the economics justify production revitalization or abandonment. We may be able to extend the economic life of your wells, defer abandonment, and offset the cost of both intervention and abandonment with more productive life.
Weatherford is an oil and gas service company with a presence in every major oil and gas region of the world. Our business is helping our clients to safely and sustainably find, drill, complete, and produce oil and gas fields.
More Production, Zero Rig Time
We reduced the greatest expense of late-stage intervention―rig time and rig costs―by doing away with the rig. Our Rig-Free® pulling-and-jacking units can replace costly jackup rigs, workover rigs, and snubbing units. After working with you to decide whether the economics justify intervention, we can restart production on closed-in wells or provide workover services for wells with blockages, sand, scale, debris, or other obstructions.
Safe and Secure Abandonment
The economic life of every well eventually ends. We can help you navigate local regulations and provide safe, reliable, and cost-efficient operations whether you operate in the Gulf of Mexico, the North Sea, or anywhere else in the world. Our team of abandonment specialists is dedicated only to safe and permanent abandonment, and they provide single-source services for any asset.