Revolutionizing Well Abandonment: Aquaterra Energy's RAF Technology
Key Ideas
- Aquaterra Energy launches Recoverable Abandonment Frame (RAF) technology to enhance legacy well re-entry and re-abandonment services in offshore oil and gas operations, aiming to facilitate carbon dioxide and hydrogen storage projects.
- The RAF technology addresses economic and technical challenges associated with re-abandoning problematic legacy wells, offering advanced surveying, re-engagement, and re-abandonment solutions to improve environmental safety and regulatory compliance.
- The innovative RAF technology is modular, transportable, and cost-effective, potentially saving operators up to £20 million per abandoned well and reducing project timelines by up to 50%, making carbon and hydrogen storage projects more viable and efficient.
- Aquaterra Energy's commitment to innovation and sustainability is exemplified through its RAF technology, showcasing a proactive approach to driving the energy transition forward and enabling the effective delivery of carbon and hydrogen storage solutions.
Aquaterra Energy has introduced its patent-pending Recoverable Abandonment Frame (RAF) technology to revolutionize legacy well re-entry and re-abandonment services in offshore oil and gas projects. The RAF aims to address challenges in repurposing offshore oil and gas reservoirs or saline aquifers for carbon dioxide (CO2) or hydrogen storage by offering advanced solutions for locating, re-engaging, and re-abandoning legacy wells. Traditional methods like relief well drilling and excavation may fall short in addressing the technical, environmental, and safety issues associated with re-abandonment projects underneath the seabed. Aquaterra Energy's RAF technology, however, leverages advanced surveying technologies to precisely locate wells and employs a vertical re-entry tieback method to ensure successful re-abandonment, protecting legacy well components from various loading factors. The innovative technology, designed for repeated use across multiple locations, is modular, transportable, and cost-effective, potentially saving operators significant costs and reducing project timelines by up to 50%. George Morrison, CEO at Aquaterra Energy, highlighted the company's commitment to driving the energy transition forward by innovating and addressing challenges in carbon and hydrogen storage projects. The RAF technology, developed to meet the new challenge of well re-abandonment for CCS projects, is poised to make abandonment processes more efficient and enable the viability of carbon and hydrogen storage initiatives. Aquaterra Energy's discussions with major oil and gas operators and CCS specialists worldwide indicate a growing interest in deploying the RAF technology for legacy well re-entry services, showcasing the industry's shift towards more sustainable and cost-effective solutions.
Topics
Projects
Energy Transition
Carbon Capture
Project Management
Oil And Gas
Cost Reduction
Offshore Engineering
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