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Oil & Gas / North Sea

Ponticelli poised to pursue more contract wins after Total coup translates to slim profit

Ponticelli UK looks poised to compete for more deals after a “satisfactory” maiden reporting period in which the company and its partners started work on a major UK North Sea contract with Total.
By Mark Lammey
24/05/2021, 12:01 am Updated: 24/05/2021, 10:48 am
Photo of Mark Lammey
© Totalnorth sea strike action
Pictured: TotalEnergies' Culzean platform.

Ponticelli UK looks poised to compete for more deals after a “satisfactory” maiden reporting period in which the company and its partners started work on a major UK North Sea contract with Total.

The energy services firm, a subsidiary of French family-owned industrial services group Ponticelli Freres, was incorporated in the UK in August 2019, but started trading on May 1 2020.

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