ASSET RETIREMENT Case Study

21-Well Abandonment & Facility Decommissioning

Objective

Cost and Control

TAQ provided project management services for a State of Utah orphan well program. The work scope consisted of 21 wellbore abandonments with associated facility and flowline decommissioning. TAQ also interfaced directly with the site reclamation contractor to coordinate work during the project.

Cost and Control

1.4% variance to plan

Contract: $1,980,000

Actual Cost: $2,008,000

Solution

Cost and Control

Solution

TAQ partnered with a well service company to deliver a cost-effective solution to UDOGM and were awarded the contract. Project tracking and coordination were provided to maintain a high-level of reporting and oversight.

Benefits

Project Tracking

1. Project tracking: Coordination meetings, status updates, cost tracking and comprehensive reporting allow all stakeholders to have visibility into the project.

Cost Control

2. Cost control: The cost variance for the project was within 1.4% of the contract. The tight cost control was the result of detailed planning and engineering support to minimize out of scope expenditures

Schedule Delivery

3. Schedule delivery: All 21 wellbore abandonments were completed in 71 days including crew days off. The team coordinated multiple rigs and support crews to complete the abandonments prior to winter to avoid increased seasonal costs.

ASSET RETIREMENT Case Study: Utah

21-Well Abandonment & Facility Decommissioning

Objective

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Solution

Cost and Control

Solution

Benefits

Project Tracking

Cost Control

Schedule Delivery

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