Exedra secures funding for advanced well plugging tests
The tool will monitor plug integrity over time, ensuring sustained efficiency and cost-effective solutions for P&A
Exedra has received 5.1 MNOK in funding from the Norwegian Research Council to enhance testing of its well-plugging verification technology.
Exedra is both a member and cluster project at Energy Transition Norway, and it is one of six Norwegian companies highlighted in the Research Council's article announcing which 32 projects will receive NOK 317 million in funding in 2025.
With an additional support from Equinor and TotalEnergies, Exedra is set to start a new R&D project, including a field trial in Texas in 2025.
The purpose of the project is to better understand how a mixture of gas and liquid from a reservoir can leak through different types of permanent barriers. This insight will then help the industry to develop numerical models to estimate possible leak rates - crucial to better understand risks associated with permanent plugging of oil and gas wells.
– We are very pleased to have Equinor and TotalEnergies on board in this project. We are welcoming more partners on board along the way, says CEO Bernt Pedersen.
