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I thought it would be pertinent to write something on the plug and abandonment (P&A) of subsea assets utilizing a Light Well Intervention Vessel (LWIV). As the situation is now, it will not be economically sustainable for operators to perform P&A operations conventionally.
Not only does this preserve the industrys license to operate, it will likely result in a better regulatory climate. How Abandoned Wells Hurt the Oil and Gas Industrys Image One of the most visible and negative images involves plugged wells that are leaking and flowing. The RRCs W3 form was last updated in the early 1980s.
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