The Bureau of Safety & Environmental Enforcement (BSEE) has awarded Promethean Energy and Endeavor Management two contracts for the decommissioning of nine orphaned wells in the Matagorda Island area, in federal waters approximately 12 miles off the Texas coast.
Promethean has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract to conduct the decommissioning. Endeavor was also awarded a five-year contract, in order to support BSEE with project management and oversight of the orphaned infrastructure.
“President Biden’s Bipartisan Infrastructure Law is providing critical funding to help us remove these serious hazards to safety and the environment,” said BSEE Director Kevin Sligh.
This contract is partially funded by President Biden’s Bipartisan Infrastructure Law through a recently announced $64 million commitment by the Biden-Harris Administration to address orphaned oil and gas wells on public lands.
Recommended Reading
EIV Capital: Opportunities Abound for Investors in Midstream Sector
2024-11-01 - Here are the metrics that midstream financiers look for in a mature industry.
EQT Flexes Midstream Muscles in 3Q After Equitrans Acquisition
2024-10-30 - Natural gas producer EQT Corp. says it has far more flexibility to respond to market prices following its acquisition of Equitrans Midstream.
Enterprise Opens Fuel Storage, Distribution Terminal in Utah
2024-10-29 - Enterprise Products Partners’ newly converted Texas Western Products system relies on old NGL pipeline networks.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.