Fossil Energy – Decommissioning
Elemental Energies, a leading independent wells specialist, has clinched a significant master services contract aimed at decommissioning nine orphaned wells in the Gulf of Mexico.
The contract, awarded by Promethean Energy, a late-life oil and gas operator, underscores a concerted effort toward safe, efficient, and timely decommissioning of mature assets in the region.
Its initial phase began in February, with Elemental Energies spearheading well management services from its Houston headquarters for the plugging and abandonment of wells situated in the Matagorda Island area, off the Texas coast.
This initiative is part of a broader five-year contract granted to Promethean by the Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) to address orphaned offshore wells.
Julie Copland, Head of Decommissioning and Low Carbon at Elemental Energies, expressed excitement over the award, highlighting its significance in expanding their footprint in the Gulf.
“Our rich history in decommissioning, uniquely equips us to address the Gulf’s orphaned wells, applying our expertise to mitigate environmental risks, navigate complex regulations, and reduce the associated OPEX of decommissioning work.”
