Mermaid Subsea Providers (UK) Ltd has set a brand new trade benchmark for North Sea decommissioning. Throughout the course of 2024 the Aberdeen-headquartered firm efficiently plugged and deserted (P&A) 30 wells within the UK North Sea utilizing the Island Valiant vessel.
Notably, that is the best variety of vessel-based properly decommissioning operations ever accomplished in a single 12 months throughout the area.
Among the many accomplished initiatives was a 21 properly P&A marketing campaign for a North Sea operator, believed to be the biggest vessel-based North Sea decommissioning marketing campaign in historical past. Individually, Mermaid accomplished the primary stage of a significant North Sea decommissioning contract for Shell U.Ok. Restricted, with the following phases to comply with in 2025 and 2026.
“It has been a monumental 12 months for Mermaid, one which has cemented our place as a significant participant within the North Sea subsea and P&A market,” stated Scott Cormack, Regional Director for Mermaid Subsea Providers (UK). “The entire Mermaid crew must be very pleased with the half they’ve performed in reaching this historic milestone and I want to thank every one in all them for the work they’ve put in proper by means of 2024.
“Latest analysis from Offshore Energies UK (OEUK) discovered that operators have to plug 200 deserted North Sea oil and gasoline wells a 12 months to remain on high of targets. If the sector is to attain this it should require the market to ship revolutionary decommissioning fashions, just like the vessel-based answer provided by Mermaid.”
With this milestone, Mermaid continues to steer the cost in delivering protected, environment friendly, and sustainable decommissioning providers. It additionally displays the corporate’s dedication to supporting the UK’s vitality transition and regulatory compliance in offshore properly abandonment.
Final 12 months’s P&A milestone was accompanied by an related enhance in headcount, with Mermaid rising considerably. And the corporate has plans to develop its presence in Westhill additional in 2025 in response to the corporate’s swelling backlog.
After the successes of 2024 – and following a run of current undertaking wins – Mermaid has agreed a deal to constitution the Valiant vessel for one more season. This will likely be supported by the introduction of Mermaid’s very personal dive vessel, which is because of enter the North Sea market in 2025.
“It’s clear from the demand for Mermaid’s distinctive and tailor-made providing that the North Sea market requires one other contractor to deal with the mammoth quantity of labor that’s coming down the pipeline,” added Cormack.
“With new additions, contract wins and accomplished initiatives, 2024 was an immensely profitable 12 months for Mermaid and we stay up for constructing on this additional in 2025 once we will likely be bringing our personal dive vessel to the area.”
