Plug and abandonment as an opportunity during the downturn

Operators could benefit from having P&As cleared off their balance sheets

add energy’s CEO, Ole Rygg, and COO, Dermot O’Keeffe, were interviewed by Energy News when Ole was recently visiting Perth. Industry issues were discussed and the duo elaborated on what they see as opportunities arising from the industry downturn. They discussed the current opportunity to perform operations at reduced costs, and agree that it’s possible to take advantage of the low oil price environment and make big savings.

Source: http://www.energynewsbulletin.net/storyView.asp?storyID=8269