We develop carbon offsets to incentivize oil & gas teams to abandon their idle and marginally economic oil & gas wells.
By helping to permanently abandon these wells we reduce emissions directly at the source. This eliminates the risk that they become orphaned wells; ecological and tax payer liabilities.
Through offset incentives and our marketplace of well pluggers, Oil & Gas operators can save up to 25% off their plugging costs.
We are driven to help plug as many wells as possible. From evaluation to execution, your data and processes are in one place.
Using our online platform, we help select qualified wells, determine possible offset value and savings potential.
Your P&A requirements are shared with a network of qualified contractors in your area. Pick the suitable vendor, share appropriate job specs and prepare for the jobs.
Your vendor will commit to a date and complete the work. Everything they need for the job can be shared through Pipewire. We prepare the documentation and certification of the carbon offsets and sell them on your behalf.
Using publicly sourced data, we help operators identify and qualify wells fit for offset using reservoir engineering best practices and generally accepted carbon offset methods.
All transactional data used to generate the offset is serialized and held in perpetuity on a public blockchain enabled ledger.
Through a combination of satellite and manual techniques, abandoned well sites are verified and monitored to ensure reliability of the offset credit.
Want to learn more? Drop us a line!
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