Large Well Abandonment Solutions by TAQ Energy

Large Well Abandonment Case Study

Objective

An operator with substantial annual abandonment obligations across multiple states sought oil and gas consulting to expedite their P&A program and meet regulatory requirements. This involved comprehensive tasks such as engineering design, procedure generation, permitting, RFP administration, vendor recommendations, and the creation of AFE and budget for their Well Abandonment Program.

Efficiencies

275 hours of staff time saved through our efficient oil and gas consulting services, leading to lower bid pricing due to increased competitiveness in the Well Abandonment Program. The P&A program was executed on schedule.

Solution

Using our P&A-specific software tools tailored for oil and gas consulting, we accelerated the design process and permit approvals for the Well Abandonment Program. Concurrently, TAQ provided detailed bid analysis and vendor recommendations to the client. TAQ generated unique, design-specific cost estimates and AFEs for each of the 93 wells and established a full-program budget and timeline for the P&A program. For more on financial assurance, read our guide to plugging bond cost assumptions.

Benefits

1. Level Loading: TAQ efficiently handled a significant workload in a brief period, ensuring that the operator could maintain focus on the oil and gas consulting tasks without reallocating staff from other critical projects, including the P&A program and Well Abandonment Program.

2. Competitive Bid & Vendor Evaluation: TAQ collected proposals from vendors familiar to the operator and introduced new vendor options to enhance the competitive bid process for the oil and gas consulting industry, specifically focusing on the P&A program and well abandonment program.

3. Well-specific cost estimates & budget: Through our oil and gas consulting expertise, we utilized P&A design and cost estimation tools to create well-specific AFEs, significantly enhancing the accuracy of the full budget and timeline for the Well Abandonment Program.

Case Study: Well Abandonment Multiple States

Large Well Abandonment Case Study

Objective

Efficiencies

Solution

Explore the world of Oil and Gas with TAQ Energy

Benefits

Client Quote

Case Study: Well Abandonment Multiple States

Large Well Abandonment Case Study

Objective

Efficiencies

Solution

Explore the world of Oil and Gas with TAQ Energy

Benefits

Client Quote

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