Specialist drilling waste management company TWMA reports it has secured new contracts valued at £20 million ($24.3 million) in the North Sea in the first eight months of 2019.
The contracts, with major North Sea operators, are for TWMA to provide offshore processing of drilling waste using its innovative TCC RotoMill technology, which allows drill cuttings to be managed safely and effectively on site.
Applying a TCC RotoMill offshore processing solution allows recovered oil from the drill cuttings to be recycled back into the active mud system, and eliminates 95% of lifting operations. In addition, removing the need for shipping the drilling waste onshore reduces the need for vessels and port access.
Gareth Innes, chief commercial officer at TWMA, said, “With cost optimization and HSE at the fore across the industry, we have seen our order book bolstered this year. There has been a real shift in culture in the North Sea, with companies no longer relying on the traditional skip and ship method but instead recognizing the value that wellsite processing can bring to a project in terms of safety, environment and cost savings.
“More than 65% of drilling projects in the North Sea are now using offshore processing of drilling waste, a big shift away from the traditional skip and ship to shore method; offshore processing is now becoming the industry standard in the North Sea.”
In order to support the new business won this year, TWMA has invested more than £10 million ($12.1 million) into new equipment and facilities.
