Mermaid Subsea Services has set a new industry benchmark for UK North Sea decommissioning work, it said December 20. It said its work had cemented its position as a major player in the North Sea subsea and plugging and abandonment (P&A) market.
It successfully plugged and abandoned 30 wells that year using the Island Valiant vessel, setting a record for vessel-based well decommissioning operations in the region.
Completed projects included a 21-well P&A campaign, believed to be the largest vessel-based North Sea decommissioning campaign in history. It also completed the first stage of a three-year decommissioning contract for Shell.
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