From this solid technological base , recent ventures have pushed HydraWell to new heights

The ideal partner

Reflecting on the success of the transition to date , Maurillio Addario says : “ So far , the transition has been very smooth , with the critical step of assigning the right people to the right jobs taking place quickly and methodically ,” he begins . “ The merger unlocks huge potential for all three companies . As we are now a combined entity , we can address the entire gamut of scenarios typically associated with P & A activities .”

“ The data collection capabilities brought in by READ , and ANSA ’ s fast , accurate diagnostic of downhole conditions , combined with HydraWell ’ s expertise means we are now uniquely positioned to provide effective solutions for the issues identified ,” Bruce adds .

Post-merger , additional opportunities in previously untapped geographies have also been unlocked . HydraWell has now signed its first MSA involving all three product lines , in Australia . According to Tom , “ growth has come from international expansion beyond the ‘ local ’ market of Norway / UK in line with increasing decom activity in other markets . The Netherlands , Alaska , Australia , and Brazil have been at the forefront recently , with assurance of barrier verification key to acceptance in these new areas .”

READ has experienced growth through working alongside other service companies , large and small . The reason being that large companies may no longer be focusing on some traditional services and CapEx is being spent elsewhere . “ In terms of smaller service companies , barriers to entry , such

as the cost of equipment and perhaps insufficient expertise , mean that READ is positioned as the ideal partner to enhance their service offering ; a strategy that has been adopted globally ,” Bruce adds .

Well assurance specialists

Turning towards sustainability , Bruce emphasizes that responsibility towards the environment is woven into the company ’ s corporate DNA . He says : “ Our combined service offering is completely focused on sealing wells permanently and eliminating fugitive emissions after decommissioning . During the process , the technology used helps to conserve energy by reducing the time spent on operations to install barriers and minimizing waste through the avoidance of excessive steel removal from the wellbore .”

In addition to reducing the direct environmental impact of well decommissioning , the company has developed leading processes , and is

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