Well-Safe Solutions secures additional backlog with Eni
Well-Safe Solutions received a further contract extension from Italian energy major Eni to decommission selected subsea and platform wells across Eni’s portfolio in the Dutch sector of the North Sea. Eni recently exercised another 90-day option for the Well-Safe Protector jack-up asset under a newly agreed contract amendment. This work is to be executed in direct continuation with the previously declared option which commenced in November 2024.
Upon the completion of this latest option with Eni, the Well-Safe Protector will move directly onto the Spirit Energy contract announced by Well-Safe in November 2024.
These multi-operator commitments will see the Well-Safe Protector committed until at least August 2025, with further longer-term options agreed with Eni as part of the newly signed contract amendment.
This amendment offers increased flexibility to Eni, which has the option to green light an additional 120 days of work to decommission platform wells immediately after the Spirit Energy work, along with two further options at 180 days each. If these options are exercised, they have the potential to keep the Well-Safe Protector committed until Q4 2026 outside the UK Continental Shelf.
With the Well-Safe Protector operational in the North Sea continuously since August 2023, it has already decommissioned 25 wells across Dutch and UK waters to date for Eni, Ithaca Energy and Neptune Energy.
