Repsol Sinopec Resources UK (RSRUK) has hailed an “outstanding” 2018 after tripling pre-tax profits to more than £1.3billion.
Production has been restored at three North Sea platforms which were shut down due to pipeline repairs.
North Sea oil production is “struggling” and is due to hit its lowest point in five years, according to a new forecast.
Pipeline repairs have shut down production at three North Sea platforms.
Respsol Sinopec Resources UK (RSRUK) has announced plans to recover an additional 10million barrels of oil equivalent (boe) from its North Sea assets.
Performance has “never been better” at Repsol Sinopec Resources UK (RSRUK), the joint venture’s chief executive said.
A union boss has questioned the culture of a North Sea operator, after a worker claimed he was removed from a platform after discovering a “blacklist”.
An investigation is underway by Talisman Sinopec over an alleged dropped object on the Claymore platform in the North Sea. It is understood a cable snapped as a 22-tonne blowout preventer was being lifted late last week in what has been described as a "near-miss". Production was temporarily shut down as a temporary measure on the Claymore platform, which is 100 miles north east of Aberdeen, following the incident.