Plugging & Abandonment Collaborative Environment (PACE) is a new industry network that aims to promote collaboration on plugging & abandonment within the oil and gas industry 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
Managed by OTM Consulting, founding members include ConocoPhillips, DNV GL, ExxonMobil and GE Oil & Gas.
About OTM Consulting
OTM has over 20 years’ experience running a wide range of knowledge-sharing networks and Joint Industry Projects (JIP) covering topics from technology management and investor opportunities, through broad disciplines such as drilling and production, to niche technologies and disciplines such as Inflow Control Technology and Geopressure Management. OTM also has advisory consulting project experience in plugging & abandonment and has worked closely with industry regulators in developing technical standards.