Ardyne, the Aberdeen and Norway-based fishing, milling and casing recovery provider, has announced a strategic partnership with Dynasty Energy Services, fishing services and plug and abandonment (P&A) specialists, to deliver enhanced P&A services around the world.
The exclusive partnership enables easier access to leading world-class downhole technologies from both companies to deliver major cost and time efficiencies to the global P&A sector. As part of the agreement, Ardyne’s US team of five people will transfer to Dynasty, ensuring continuity from employees experienced in running Ardyne equipment over the last 3 years in US onshore and offshore applications.
The alliance broadens Dynasty’s market offering in the Western Hemisphere, while also enhancing Ardyne’s technology offering in the North Sea and wider Eastern Hemisphere. It also allows for increased efficiencies for clients in both Western and Eastern Hemisphere markets.
Alan Fairweather, CEO of Ardyne, says, “The future of many oil and gas supply chain companies will depend on their ability to adapt to market conditions and to continue identifying opportunities to improve their offering by creating greater operational efficiencies. Our strategic alliance with Dynasty is not only exciting for Ardyne, it also presents a model for other companies of a similar size to strengthen their existing technology portfolio and deliver a more robust global offering to clients.”
Ardyne’s systems for casing recovery save rig time and can provide solutions to challenging operations. The company’s Casing Recovery Toolbox offers flexibility and functionality to optimise operations and quickly adapt to unexpected circumstances.
The TRIDENT system is an integrated, single-trip casing cutting and pulling system developed to save rig time while offering precision and additional functionality.
Ardyne’s TITAN system provides power downhole. It enables repeatable, on demand casing cutting and jacking capability in a single trip and has been run successfully more than 1,200 times around the world.
Dynasty’s unique Predator thru-casing section milling technology mitigates sustained pressure, providing a secure environment for barrier placement, saving costs through less rig time and multiple trips in the well. The Predator enables stabilised multiple string section milling without damaging outer casing strings. It allows real time decision-making, greater flexibility and contingency planning – especially valuable for P&A campaigns where the original well records are questionable or absent.
Combining Predator with the TRIDENT and TITAN systems enables multiple time saving solutions for P&A operations, with the benefit of being available from one service provider.
Rystad Energy has estimated the global decommissioning market will reach GBP 34.5 billion by 2024, and more than 2,500 wells will be decommissioned in the North Sea alone in the next decade.
Alan Fairweather continues, “Forecasts for the decommissioning market are healthy but to maximise these opportunities will require greater innovation in technology and service provision. The exclusive partnership between Ardyne and Dynasty answers the need for a truly world-class full service fishing, milling and casing recovery offering for the global P&A sector.”
“It reaffirms our ongoing commitment to the North Sea well-decom efficiency tool kit and opens our business up to greater opportunities in the locations where Dynasty is already established, including the Gulf of Mexico and US land,” Fairweather adds.
Keith Alexander – Executive VP and Chief Operations Officer of Dynasty Energy Services, says, “Under the partnership agreement, we will supply Ardyne’s technologies to support our services in the Western Hemisphere while Ardyne will supply our products along with their own in the Eastern Hemisphere.”
“Combining our technologies to establish a stronger, holistic offering represents a win-win for both companies. However, the ultimate winners are the clients who will benefit from easier access to our products to help them achieve greater P&A efficiencies,” continues Alexander.