CNR International

Oil & Gas

CNR International’s North Sea business booked losses of £86million

The North Sea business of CNR International booked pre-tax losses of £86million as production declined last year, figures filed at Companies House show. But the losses were an improvement on the £156million loss the firm made in 2013 as the firm felt the impact of outages on its Banff and Kyle fields in the Central North Sea about 200 miles east of Aberdeen. Production from Banff and Kyle was suspended in December 2011 when the FPSO was hit by sever storms that winter. Production on the fields started back in July 2014.