PACE | Plugging & Abandonment Collaborative Environment

Welcome to PACE – a collaborative environment focusing on plugging & abandonment (P&A) within the oil & gas industry.

With many offshore oil fields reaching the end of their productive lives, operators are preparing to decommission a substantial number of wells in the coming years, with well plugging and abandonment responsible for up to 40% of total decommissioning costs worldwide. Recognising the significant challenges this presents to both operators and offshore service companies, OTM canvassed industry opinion and gained support for launching a new forum to bring together the global community.

The PACE (Plugging & Abandonment Collaborative Environment) network was launched on the 20 September 2016 at an exclusive meeting in Houston, Texas, hosted by ExxonMobil, a founding member of the network alongside ConocoPhillips.

With key industry drivers identified as cost-effective plugging and sealing, rigless P&A, and barrier verification & multi string logging, the network aims to promote P&A collaboration in order to:

Increase awareness of the global regulations
Understand capabilities of current and emerging technology
Share knowledge and experiences to improve operational best practice
Collaborate on cost-effective solutions to common technical challenges

If you are interested in becoming a member of PACE or want to learn more about the network, please contact us.

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