PanGeo Subsea awarded a $5M decommissioning campaign from Couvillion Group
by CM Staff
PanGeo has also recently been issued a Letter of Intent for a multi-million-dollar Acoustic Corer™ campaign (50 days) for an offshore wind farm.
ST. JOHN’S — PanGeo Subsea, a wholly owned subsidiary of Kraken Robotics Inc., announces the award of a $5 Million Acoustic Corer™ contract in the US Gulf of Mexico. Couvillion Group issued this decommissioning project to PanGeo for commencement in Q2, 2022. This 90-day campaign is the largest Acoustic Corer™ project undertaken by the Company to date.
In 2004, a storm induced mudslide caused an offshore jacket to topple. The jacket has been lying on the seafloor in 150 meters of water with the subsea conductors buried under 60 meters of mud. PanGeo will use its sub-seabed imaging technology to identify where the conductors are located in the debris field to provide information to enable the planning of the plug and abandonment of the well.
In addition to this debris survey, PanGeo has recently been issued a Letter of Intent for a multi-million-dollar Acoustic Corer™ campaign (50 days) for an offshore wind farm in the Baltic where it will be imaging boulders in the sub-seabed mitigating the risk for pile refusal.
Other technologies in the PanGeo services portfolio include the ROV mounted Sub-Bottom Imager™ and the Remotely Operated Towed Vehicle the SeaKite™.
Moya Cahill, PanGeo’s CEO said, “the Acoustic Corer™ delivers a unique solution to the industry that has been tried and proven by the Couvillion Group in a demonstration project in 2019. We are truly excited to return to this site and work with the Couvillion team to complete a full site investigation of the debris field.”
“We believe that PanGeo has the key to unlock the unknowns below the seafloor that will ultimately enable a successful plug and abandonment of the well”, said Couvillion Group’s CEO, Timmy Couvillion.
