Transformation.
A well is a well. You can use it to produce oil, gas, heat or electricity. Have you ever thought about repurposing your well and convert it into a geothermal asset?
In addition to well decommissioning, neowells also specializes in drilling for deep geothermal energy in addition to evaluating existing wells to repurpose into geothermal applications. We want to leave our mark on energy transition and promote heat and deep geothermal energy.
Use our expertise and give your well a second, sustainable life!
The Idea.
Climate friendly, regenerative and available almost throughout the entire country, deep geothermal energy is considered a beacon of hope for the energy transition. However, high investment costs and the so-called chance/risk of success are often barriers for investors. In addition, the technical risk of drilling geothermal wells is fairly high. It may therefore be advantageous to transform existing wells from oil and gas production to use them for geothermal purposes. If the location is suitable for subsequent geothermal use, the costs for a conversion would be significantly lower than a new well.
The Opportunity.
The transformation of oil and gas wells could make a valuable contribution to the decarbonization of heating networks. At the same time, with comparatively short project development times, experience with geothermal district heating projects would be improved and important knowledge gained for other deep geothermal projects. neowells creates concepts and work programmes to evaluate the suitability of converting existing wells and designs a potential geothermal conversion.
The Possibilities.
In the case of geothermal reuse, a fundamental distinction must be made between closed and open systems. In closed geothermal systems, a heat transfer medium (e.g. water) circulates in a cased and expanded borehole without coming into direct contact with the deep geological formations. In open geothermal systems, water is extracted from the subsurface via at least one well and reinjected via at least one well after heat has been extracted from it. As a rule, at least two wells are required for this: a production well and an injection well. Abandoned wells for the exploration or production of natural gas or crude oil offer to be potential scenarios.
The Potential.
The potential use of old wells for geothermal purposes has often been discussed in the professional world. The subsequent geothermal use of boreholes offers an attractive potential to reduce the high investment costs and the discovery risk in geothermal projects. The prerequisites for this are that a prospective customer for subsequent use is found before the borehole is plugged and abandoned and that sufficient heat consumption at the site is ensured. The legal framework for the geothermal use of boreholes is basically given. In order to take over the operation of a well, however, certain prerequisites must be met. neowells supports interested users in the evaluation and conception of possible geothermal potential and helps with the implementation.
Transformation.
A well is a well. You can use it to produce oil, gas, heat or electricity. Have you ever thought about repurposing your well and convert it into a geothermal asset?
In addition to well decommissioning, neowells also specializes in drilling for deep geothermal energy in addition to evaluating existing wells to repurpose into geothermal applications. We want to leave our mark on energy transition and promote heat and deep geothermal energy.
Use our expertise and give your well a second, sustainable life!
The Idea.
Climate friendly, regenerative and available almost throughout the entire country, deep geothermal energy is considered a beacon of hope for the energy transition. However, high investment costs and the so-called chance/risk of success are often barriers for investors. In addition, the technical risk of drilling geothermal wells is fairly high. It may therefore be advantageous to transform existing wells from oil and gas production to use them for geothermal purposes. If the location is suitable for subsequent geothermal use, the costs for a conversion would be significantly lower than a new well.
The Opportunity.
The transformation of oil and gas wells could make a valuable contribution to the decarbonization of heating networks. At the same time, with comparatively short project development times, experience with geothermal district heating projects would be improved and important knowledge gained for other deep geothermal projects. neowells creates concepts and work programmes to evaluate the suitability of converting existing wells and designs a potential geothermal conversion.
The Possibilities.
In the case of geothermal reuse, a fundamental distinction must be made between closed and open systems. In closed geothermal systems, a heat transfer medium (e.g. water) circulates in a cased and expanded borehole without coming into direct contact with the deep geological formations. In open geothermal systems, water is extracted from the subsurface via at least one well and reinjected via at least one well after heat has been extracted from it. As a rule, at least two wells are required for this: a production well and an injection well. Abandoned wells for the exploration or production of natural gas or crude oil offer to be potential scenarios.
The Potential.
The potential use of old wells for geothermal purposes has often been discussed in the professional world. The subsequent geothermal use of boreholes offers an attractive potential to reduce the high investment costs and the discovery risk in geothermal projects. The prerequisites for this are that a prospective customer for subsequent use is found before the borehole is plugged and abandoned and that sufficient heat consumption at the site is ensured. The legal framework for the geothermal use of boreholes is basically given. In order to take over the operation of a well, however, certain prerequisites must be met. neowells supports interested users in the evaluation and conception of possible geothermal potential and helps with the implementation.
Our process.
This is how neowells works. Structured and transparent.
Click through our process steps here.
Create
The phase in which the idea matures into a project. We listen, advise and create.
Assess
The phase in which we collect and check data to ensure feasibility.
Define
The phase in which we elaborate the project in detail and record it contractually and monetarily.
Select
The phase in which we generate, compare, evaluate and finally select various options.
Execute
The phase in which we start the implementation (e.g. drilling).
Operate
The phase in which the project is operated, maintained and, if necessary, repaired.
The Idea.
Climate friendly, regenerative and available almost throughout the entire country, deep geothermal energy is considered a beacon of hope for the energy transition. However, high investment costs and the so-called chance/risk of success are often barriers for investors. In addition, the technical risk of drilling geothermal wells is fairly high. It may therefore be advantageous to transform existing wells from oil and gas production to use them for geothermal purposes. If the location is suitable for subsequent geothermal use, the costs for a conversion would be significantly lower than a new well.
The Opportunity.
The transformation of oil and gas wells could make a valuable contribution to the decarbonization of heating networks. At the same time, with comparatively short project development times, experience with geothermal district heating projects would be improved and important knowledge gained for other deep geothermal projects. neowells creates concepts and work programmes to evaluate the suitability of converting existing wells and designs a potential geothermal conversion.
The Possibilities.
In the case of geothermal reuse, a fundamental distinction must be made between closed and open systems. In closed geothermal systems, a heat transfer medium (e.g. water) circulates in a cased and expanded borehole without coming into direct contact with the deep geological formations. In open geothermal systems, water is extracted from the subsurface via at least one well and reinjected via at least one well after heat has been extracted from it. As a rule, at least two wells are required for this: a production well and an injection well. Abandoned wells for the exploration or production of natural gas or crude oil offer to be potential scenarios.
The Potential.
The potential use of old wells for geothermal purposes has often been discussed in the professional world. The subsequent geothermal use of boreholes offers an attractive potential to reduce the high investment costs and the discovery risk in geothermal projects. The prerequisites for this are that a prospective customer for subsequent use is found before the borehole is plugged and abandoned and that sufficient heat consumption at the site is ensured. The legal framework for the geothermal use of boreholes is basically given. In order to take over the operation of a well, however, certain prerequisites must be met. neowells supports interested users in the evaluation and conception of possible geothermal potential and helps with the implementation.
Create
The phase in which the idea matures into a project. We listen, advise and create.
Assess
The phase in which we collect and check data to ensure feasibility.
Define
The phase in which we elaborate the project in detail and record it contractually and monetarily.
Select
The phase in which we generate, compare, evaluate and finally select various options.
Execute
The phase in which we start the implementation (e.g. drilling).
Operate
The phase in which the project is operated, maintained and, if necessary, repaired.
Our process.
This is how neowells works. Structured and transparent.
Click through our process steps here.
Decommissioning/Plug & Abandonment:
Tight Well.neowells offers holistic, integrated, well decommissioning services. We are your partner and problem solver in the Plug & Abandonment process. Plan the decommissioning of uneconomical wellbores and ensure the profitability of your asset - with neowells.
What is Plug & Abandonment?
Once wells can no longer be operated economically or if they cease operations as part of the energy transition, they must be shut down and abandoned so that they are permanently secured against leaks and emissions. Well abandonment is the last activity to be performed on a well. It includes the installation of permanent barriers in the well providing liquid tight and gas tight seals. Well plugging is subject to very specific regulatory requirements that have to be documented, reported and monitored.
Plan the Work.
Every well is unique. It is designed to meet the well specific environmental conditions. It is subject to the state of the art engineering and planning available at the time of design and execution. neowells believes the development of a decommissioning procedure as a holistic and joint task. As experts in their fields, the neowells team has worked in many regions of the world and has learned that the keys to optimizing the Plug & Abandonment programmes are refined industry best practices, the introduction of innovation and reliable well data.
Work the Plan.
Decommissioning will be carried out according to an approved programme which forms the basis for all further plans and execution. Detailed work programmess are being prepared and service tendering is conducted. Depending on the requirements, drilling rigs, mechanical or hydraulic work platforms are used. A major advantage of providing the entire scope through an integrated project team is that neowells can reduce interfaces for the customer so that they only need one focal point. This enables more accurate cost forecasts for the project in advance. neowells looks after the project from its creation, programming, implementation, execution and documentation.
What is Plug & Abandonment?
Once wells can no longer be operated economically or if they cease operations as part of the energy transition, they must be shut down and abandoned so that they are permanently secured against leaks and emissions. Well abandonment is the last activity to be performed on a well. It includes the installation of permanent barriers in the well providing liquid tight and gas tight seals. Well plugging is subject to very specific regulatory requirements that have to be documented, reported and monitored.
Plan the Work.
Every well is unique. It is designed to meet the well specific environmental conditions. It is subject to the state of the art engineering and planning available at the time of design and execution. neowells believes the development of a decommissioning procedure as a holistic and joint task. As experts in their fields, the neowells team has worked in many regions of the world and has learned that the keys to optimizing the Plug & Abandonment programmes are refined industry best practices, the introduction of innovation and reliable well data.
Work the Plan.
Decommissioning will be carried out according to an approved programme which forms the basis for all further plans and execution. Detailed work programmess are being prepared and service tendering is conducted. Depending on the requirements, drilling rigs, mechanical or hydraulic work platforms are used. A major advantage of providing the entire scope through an integrated project team is that neowells can reduce interfaces for the customer so that they only need one focal point. This enables more accurate cost forecasts for the project in advance. neowells looks after the project from its creation, programming, implementation, execution and documentation.
Asset Integrity and Management.
All Buttoned up?As a company dedicated to protecting the climate and the environment, asset and long term well integrity is a key concern for us. The long term stability and technical integrity of an abandoned well prevents formation fluids from being released into the subsurface, freshwater aquifers or into the environment. In addition, a regularly monitored and controlled system guarantees higher profitability over the long life of the well.
Trust thanks to integrity.
A well is considered intact (tight) if the fluids it contains are safely controlled at every possible combination of pressure and temperature. neowells plans, constructs, monitors and guarantees the long-term stability and technical integrity of a wellbore. This helps to ensure the safety in the interaction between operators, planning companies, service companies and authorities and helps to ensure the trust of citizens and communities is achieved in the long term.
From Cradle to Grave.
Well Planning and detailed engineering go through many phases from the initial concept through to the successful execution of a Plug & Abandonment. These phases have differing requirements with regards to ensuring well integrity as well as common elements and procedures. neowells is your capable partner in the development of design principles, construction, operation and execution in abandoning of wells.
Rule No. 1: Safety.
Deep wells have been drilled on an industrial level since the mid-19th century. The state of the art of drilling, operating, abandoning wells as well as the applicable regulatory requirements has continuously evolved since then. They have reached a high standard due to long standing experience. neowells plans, operates, repairs and abandons wells to stringent local, internal and international standards. The safest, not the lowest common denominator, counts.
Fit for Purpose and thought through.
The appropriate design and selection of the barrier elements, their construction, verification, maintenance and monitoring formulates the basis of an asset integrity management system. Based on acceptance criteria, neowells creates customer specific integrity management systems including control and maintenance plans ensuring well documented and controlled safety over the life of the well.
Better safe than sorry.
neowells offers integrity related services that extend over the lifecycle of the assets including wells:
- Comprehensive integrity and barrier analysis
- Recommendations to ensure integrity
- Proofs of Integrity
- Repair recommendations
- Design principles and well designs
- Operating limits and safety measures
- Operational monitoring and maintenance
- Risk analysis and management
- Reports, audits and documentation
- Regulatory compliance and monitoring
A deeper
change.
change.
Our conviction is your benefit.
Proper planning and efficient implementation of decommissioning is our passion. We are a dedicated team of experts in this field and are committed to climate protection. This is why we close wellbores as sustainably as possible and ensure their long term integrity.
From the bottom of our hearts:
Our mission is your benefit.
We at neowells are burning to accelerate the energy and heat transition. This includes but is not limited to the development of regenerative energy sources, in addition to environmentally friendly decommissioning. Our sustainable mission is your advantage. Our processes to abandon wellbores is such that they are abandoned for the long term. Our thoroughness reduces your liability risk.
The edge in neowells.
neowells is a company of change. This includes energy transition and even more so, the process of Plug & Abandonment (P&A). We have extensive experience in P&A engineering having and mastered the established techniques. Moreover we step up to develop new concepts for safe and cost efficient decommissioning of wells and their facilities.
Innovative, Transparent and Safe.
Together with our customers and partners we develop business models that enable risk sharing and create incentives for the entire supply chain. neowells works with operators, service companies and industry associations to drive change, increase transparency, achieve regulatory compliance and ensure cost efficient delivery and execution of Plug & Abandonment operations.
From the bottom of our hearts:
Our mission is your benefit.
We at neowells are burning to accelerate the energy and heat transition. This includes but is not limited to the development of regenerative energy sources, in addition to environmentally friendly decommissioning. Our sustainable mission is your advantage. Our processes to abandon wellbores is such that they are abandoned for the long term. Our thoroughness reduces your liability risk.
The edge in neowells.
neowells is a company of change. This includes energy transition and even more so, the process of Plug & Abandonment (P&A). We have extensive experience in P&A engineering having and mastered the established techniques. Moreover we step up to develop new concepts for safe and cost efficient decommissioning of wells and their facilities.
Innovative, Transparent and Safe.
Together with our customers and partners we develop business models that enable risk sharing and create incentives for the entire supply chain. neowells works with operators, service companies and industry associations to drive change, increase transparency, achieve regulatory compliance and ensure cost efficient delivery and execution of Plug & Abandonment operations.
Decommissioning with neowells.
The Ground Breaking Solution.
In Europe thousands of wellbores will have to be decommissioned in the coming years. Put your decommissioning project in the hands of neowells to achieve a sustainable well abandonment. Based on a thorough engineering review and planning process and a wealth of expertise, your decommissioning project will meet all regulatory and long term environmental requirements.
neowells: Problem solver in the P&A process.
Every well, regardless whether for exploration, development, oil, gas or geothermal energy, will require permanent closure at the end of its’ economic life. Driven by dwindling production and fuelled by the need for energy transition, there will be an immense wave of wells in Europe and beyond that will have to be shut down. This process, called Plug & Abandonment, is at times a complex challenge that must meet long term regulatory and environmental requirements. neowells is your trusted well decommissioning service partner of choice.
P&A – Let That Be Our Problem.
Sustainable decommissioning is a difficult challenge for companies. Abandoning wellbores and their surface facilities provides no added value to the company. Nevertheless, the inevitable expenses will increase rapidly for operators in the coming decades. At the same time, decommissioning ties up staff and resources that could better be used to generate value. It is therefore very important that this work is carried out as effectively and sustainably as possible.
Efficiency and Safety.
Decommissioning is a complex operation that requires a complete engineering review and detailed planning. Rely on neowells for a thorough cost and risk assessment, a practical recommended solution with a focus on safety and the environment. neowells does things in the most effective and sustainable way possible, with the ultimate goal of ensuring that no resources – be they people, time or assets – are wasted.
A borehole is a borehole. Even if it is shut down and backfilled. Rely on neowells to plug your wells sustainably and securely. For lasting assurance.
A borehole is a borehole. Even if it is shut down and backfilled. Rely on neowells to plug your wells sustainably and securely. For lasting assurance.