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Well-Safe buys IPM

New entrant to the UK decommissioning sector, Well-Safe Solutions, has acquired Intervention Project Management (IPM) for an undisclosed sum (see story in E&P Daily 4 August).

IPM’s founder and managing director, Phil Milton, has now been appointed CEO of Well-Safe Solutions, which has been set up to "capitalise on the significant decommissioning opportunity in the North Sea by providing a ground-breaking approach to the safe and cost-efficient decommissioning of subsea wells.”