Oil and fuel engineering providers agency Plexus Holdings stated Friday it had accomplished its work for the Plug and Abandonment (‘P&A’) tools and providers marketing campaign for subsea providers agency Oceaneering within the North Sea.
The P&A order from Oceaneering included tieback and subsea effectively management tools along with hydraulic controls and providers in a configuration designed for vessel-based deployment and work.Â
Plexus stated it had offered its proprietary multi-release (‘MR’) connector, along with an annular blowout preventer (‘BOP’) and hydraulic management system in a package deal often called the Mud Containment System (‘MCS’).
The tools was deployed from a vessel within the North Sea and guided by a remotely operated automobile (‘ROV’) to connect to effectively conductors to facilitate P&A piece on the effectively and closed loop circulation of effectively fluids. The system was used on 4 completely different wells over an offshore deployment interval of two months. This order generated revenues of £850,000 for Plexus within the 2023 monetary 12 months, which is a 70% improve on the preliminary estimates, Plexus stated.
“With the MR connector efficiently area confirmed on a number of sequential wells, and the MCS package deal and configuration working effectively, Plexus expects that additional alternatives will come up for its tools for use once more sooner or later, each within the North Sea and internationally as its functionality and fame as a options supplier grows,” Plexus stated.
 Ben van Bilderbeek stated:  “We’re delighted that Oceaneering is happy with Plexus’ offshore service and onshore technical help, and that our tools labored effectively, particularly given the unsure nature and variability of tackling a number of P&A wells in a single marketing campaign. Plexus has all the time excelled at combining our specialist engineering and undertaking help abilities along with our distinctive and modern IP in order to reach assembly the calls for of such tasks.Â
“Now that the product is area examined, we consider that extra P&A contracts will come up for this product, and that long term alternatives shall be generated to develop and deploy related tools for different specs and sizes.”
