Elemental Energies And Archer Announce Global P&A Well Engineering Joint Venture

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return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> Elemental Energies And Archer Announce Global P&A Well Engineering Joint Venture </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>15 Nov 2024  by </span><span class="color-front">Reuters</span>    <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="45854"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> <br /> <div style="text-align: center;"><img alt="" src="https://www.world-energy.org/uploadfile/2024/1115/20241115110156211.png" style="width: 938px; height: 295px;" /></div> <br /> <br /> <br /> <strong style="color: rgb(99, 99, 99); font-family: HW_no; font-size: 16px; margin: 0px; padding: 0px; box-sizing: border-box;"> </strong><span style="color: rgb(99, 99, 99); font-family: HW_no; font-size: 16px;">Elemental Energies and Archer have announced a joint venture (JV) agreement delivering integrated plugging and abandonment (P&A) services to global decommissioning projects. This commitment formalizes the long-term partnership between Archer and Elemental Energies, creating a focused P&A well engineering team that will drive best practice for P&A design and operations across all well types.</span> <p style="margin: 0px 0px 8px; padding: 0px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); line-height: 2; color: rgb(99, 99, 99); font-size: 16px; font-family: HW_no;">By combining Archer's advanced well services technology and delivery capabilities with Elemental Energies' technical subsurface, well engineering and project management expertise, the JV will be in the position to offer end-to-end well abandonment solutions for both platform and subsea decommissioning projects. This will deliver integrated planning and execution for large-scale campaigns, supporting operators to maximize efficiency, maintain oversight, and reduce cost. The JV will have the ability to support operators from the earliest project stages, leveraging the strengths of both companies to deliver the most suitable methods and technologies for each project.</p> <p style="margin: 0px 0px 8px; padding: 0px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); line-height: 2; color: rgb(99, 99, 99); font-size: 16px; font-family: HW_no;">“We’re delighted to deepen our collaboration with Elemental Energies,” said Dag Skindlo, CEO of Archer. “We acknowledge that some customers are looking to approach P&A differently, and the critical importance of offering a flexible solution to P&A services. This joint venture will help deliver highly efficient planning and design, with the ability to integrate best in class barrier philosophy with deep knowledge of most effective methods to plug and abandon various well types. Ultimately, this will help drive down costs of permanent P&A for our clients around the world.”</p> <p style="margin: 0px 0px 8px; padding: 0px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); line-height: 2; color: rgb(99, 99, 99); font-size: 16px; font-family: HW_no;">"There is a close strategic and cultural alignment between our companies, built around a successful track record of working together on joint projects,” commented Mike Adams, CEO of Elemental Energies. “For P&A to work, it needs long term and highly efficient solutions. This JV will bring that longevity to clients, through a mutual commitment between two long term partners, and a joint venture team that is entirely dedicated to driving efficiency in P&A. Our partnership is a natural evolution of our relationship with Archer, and we are already actively supporting operators on P&A projects in the North Sea."</p> <p style="margin: 0px 0px 8px; padding: 0px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); line-height: 2; color: rgb(99, 99, 99); font-size: 16px; font-family: HW_no;">Global offshore decommissioning spend is projected to double over the next two decades, and the JV’s long-term approach aims to drive innovation and cost reduction — essential for advancing decarbonization. While recognizing that P&A needs and preferences vary by region and client, Archer and Elemental Energies are dedicated to supporting these unique requirements, whether through integrated solutions or traditional contracting approaches. This JV represents a commitment to fostering a more efficient and integrated approach to decommissioning across the industry.</p> <p style="margin: 0px 0px 8px; padding: 0px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); line-height: 2; color: rgb(99, 99, 99); font-size: 16px; font-family: HW_no;">In the last 12 months, both Elemental Energies and Archer have made significant acquisitions to bolster their capabilities, including Elemental Energies' acquisition of Well Expertise in July 2024 and Archer’s recent acquisition of fishing and P&A specialist, Wellbore Fishing & Rental Tools. These enhanced strengths will feed directly into the JV, ensuring first in class decommissioning expertise for operators.</p> </div> </div> </div> <div class="fl show-keywords_small"> <h2 class="t title-ff fwb fz18 black tr show-keywords-title p20 fl"> Keywords </h2> <div class="fr fz18 keywords"> <i class="iconfont icon-icon-down"></i> <a href="https://www.world-energy.org/search.html?keyword=elemental energies">Elemental Energies</a> </div> <div class="fr fz18 keywords"> <div class="fixedad ad mt10 mb30" style="width: 630px; padding: 0 0px; height: auto; overflow: hidden;" id="article_end"></div> </div> </div> </div> <div class="r fr"> <div class="fixedad ad mt10 mb30" style="width: 280px; padding: 0 20px; height: auto; overflow: hidden;" id="article_right_11"></div> <div class="sub-r-title fwb fz16 p20">Hot Ranking</div> <div class="top-views" style="height: auto; overflow: hidden;"> <a href="https://www.world-energy.org/article/45340.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/1023/20241023030241471.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">1</span> <h4 class="fz14">Top U.S. LNG Exports: China's Gas Demand Is Booming</h4> </div> </a> <a href="https://www.world-energy.org/article/39993.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0126/20240126094846494.png"> </div> <div class="info"> <span class="fwb fz16 white tc">2</span> <h4 class="fz14">IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early</h4> </div> </a> <a href="https://www.world-energy.org/article/43756.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0728/20240728111758747.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">3</span> <h4 class="fz14">Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production</h4> </div> </a> <a href="https://www.world-energy.org/article/45213.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/1015/20241015053044104.png"> </div> <div class="info"> <span class="fwb fz16 white tc">4</span> <h4 class="fz14">TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins</h4> </div> </a> <a href="https://www.world-energy.org/article/43539.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0717/20240717091531573.png"> </div> <div class="info"> <span class="fwb fz16 white tc">5</span> <h4 class="fz14">Totalenergies Says Oil Production to Hit High End of Q2 Guidance</h4> </div> </a> <a href="https://www.world-energy.org/article/41937.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0428/20240428090731353.png"> </div> <div class="info"> <span class="fwb fz16 white tc">6</span> <h4 class="fz14">COP29 Climate Summit Host Azerbaijan Defends Oil and Gas Investments</h4> </div> </a> <a href="https://www.world-energy.org/article/44105.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0816/20240816094358955.png"> </div> <div class="info"> <span class="fwb fz16 white tc">7</span> <h4 class="fz14">Development plan for Exxon's seventh project in Guyana expected in Q1 2025</h4> </div> </a> </div>  </div> </div> <div class="show-rela"> <div class="l fl p20"> <h2 class="t title-ff fwb fz20 black tr">More News</h2> </div> <div class="r fr"> <ul id="lists"> </ul> <div class="weui-loadmore" id="tips_loading"> <i class="weui-loading"></i> <span class="weui-loadmore__tips">Loading……</span> </div> <div class="page-tips" id="tips_none" style="display: none;"> <i class="iconfont icon-web__zanwujilu"></i><br/> No information at all </div> <input style="display: none;" type="button" class="channel-getmore" data-page="1" value="MORE"> </div> </div> </div> <footer class="mt30"> <div class="wapper"> <div class="fl mr35" style="margin-top: 8px;"> <img src="https://www.world-energy.org/statics/images/cpu/images/002.png"> <div style="margin-top: 20px; 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Elemental Energies And Archer Announce Global P&A Well Engineering Joint Venture - World-Energy