Rooster Energy PRBEQ

Energy

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."

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Post by HVBakshion Jun 15, 2016 9:13am

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Post# 24966642

Decom taking off...eh

Hi Hrundi Bakshi

The current low cost environment is having a huge impact on well intervention projects in the GOM as market conditions and aging assets are increasing the need for bull heading and hydraulic workovers. SeaNation shared a very interesting report on the topic which I thought you would find valuable. The paper includes:

An overview of how the lack of exploration, development drilling and well construction activity is giving way to opportunities for well intervention and decommissioning activity
An analysis of RLWI vessels, complex multi-purpose semi-submersibles & monohulls and the effect that their specifications, availability & day rates may have on your subsea operations
A reflection on how commercial alliances could lead to developments such as single point contracting to offer a simplified commercial & procurement approach to intervention

You can access the whitepaper at https://tinyurl.com/OWIGOM-Intervention-Report

I hope you find this a useful resource and please let me know if you have any comments or feedback.

Kind regards

Sam Scarpa

Project Manager | Offshore Network Ltd.
t: +44 (0) 20 3793 8800 | e: sscarpa@offsnet.com