Hefty investments and lengthy contract wins have put Brimmond Group in a “strong financial position” from which to ride out the latest oil industry downcycle, bosses said.
Maersk Supply Service (MSS) has been picked to remove subsea kit from the Dunlin field by operator Fairfield.
A Norwegian yard owner and a Dutch heavy lift crane vessel operator have signed the contract to decommission a UK North Sea platform.
Fairfield Energy said yesterday that costs were “not the main driver” behind its request to leave the huge concrete legs of the Dunlin Alpha platform in the North Sea.
Ineos has extended its interests in the North Sea after snapping up a further 25% stake in the Clipper South Gas Field from Fairfield Energy.
The head of Fairfield Energy is to step down later this year. According to reports, David Peattie has made the move just as the company announced it was set to decommission its Dunlin Alpha platform. Peattie joined the company four years ago after moving from oil major BP, where he had once headed its operations in Russia. It's understood a leaving date is yet to be finalised.