GA Drilling has taken a further significant step in fulfilling our strategy for the Oil & Gas Market.
In 2017 ALTUS Intervention and GA Drilling agreed a memorandum of understanding to work together to develop the service delivery capability for PLASMABIT in well plug & abandonment. Recently we have agreed a Technology Development Agreement which sets out how we will work together to develop and deploy PLASMABIT.
The aim is to form the Service Alliance for providing plug and abandonment services in the UK continental shelf in the North Sea. ALTUS Intervention will be our key partner for future offshore tests, as well as for the professional training of our team. We are also jointly developing several components for our PLASMABIT system.
This is a partnership of like minds, innovative and determined to provide the market with a step change solution to significantly improve efficiencies and compliance, and to reduce costs for the industry.