DecomWorld Awards 2016: Versabar, Weatherford among the winners at Houston summit

(DecomWorld, February 24, 2016) – If day one of the 2016 DecomWorld Decommissioning & Abandonment Summit in Houston was for deep discussion, night one was a time for participants to let their hair down at DecomWorld’s awards dinner. The dinner also featured a keynote presentation from Endeavour Management’s Bruce Crager.

Versabar was the big winner on the night with two awards, taking out the prize for most innovative decommissioning technology, as well as for excellence in project support. The technology award was won for the VB 10000, which has brought single-piece removal to the decommissioning market, and the VersaCutter, which has reduced offshore exposure during subsea cutting.

"These awards represent a collective effort by many in this room. All of us strive to bring value to the operators, and new technology will continue to drive safe, efficient solutions to decommissioning challenges," said Versabar CEO and President Jon Khachaturian.

Weatherford was named the P&A Pioneer, beating out strong competition from GA Drilling, Archer, EFC Mechanical Handling, and AGR. Specifically, it was recognized for its Rig-Free light-duty pulling and jacking unit, a modular system for efficiently completing well-abandonment and intervention operations.

Delaney Olstad, Global Business Development Manager, said: "It was an honor and a privilege to be nominated for the P&A Pioneer Award at this year’s DecomWorld conference. This show brings together operators, service companies and technical experts into a venue where open discussion promotes industry growth and change. Winning the award was a proud moment for me and Weatherford.”

Weatherford’s Delaney Olstad (L) and Jonathan Osei-Kuffour pick up their prize for P&A Pioneer

Mactech Offshore was named the most-valued small company on the back of its patented articulating diamond wire saw. The saw enables reduced dive time, less movement of material and less diver interaction during a below-the-mudline cut.

Anadarko’s Ryan Kavanagh was named the most influential professional in the field for driving forward the Red Hawk Spar decommissioning project. Decommissioned in September 2014, the spar made history for being the deepest floating production unit to be retired in Gulf of Mexico waters.

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