The innovative rig-less technology, dubbed multiCompletionSystem (mCS), comprises modular building blocks and is intended to handle all phases of a subsea well’s lifetime from installation to plugging and abandonment (P&A).
Optime estimates the system can deliver an 80% cost saving on subsea tree installations and more than 60% on P&A operations.
“The modules can save $1 million to $2 million per vertical subsea tree installation and $7 to $12 million for plugging and abandonment of each well,” chief executive Jan-Fredrik Carlsen said.
The
