Tailwind posts 2021 profits of £80m ahead of Evelyn and Gannet E start-up
North Sea oil and gas firm Tailwind Energy has reported 2021 pre-tax profits of more than £80 million.
North Sea oil and gas firm Tailwind Energy has reported 2021 pre-tax profits of more than £80 million.
A video has been released showing work taking shape on the Tailwind Energy-operated Evelyn development and the Gannet E expansion project in the North Sea.
Stena Drilling has won work for a drilling campaign with Petrofac in the UK North Sea for Tailwind’s expansion of the Gannet E field.
Tailwind Energy has completed a development well for the Evelyn field in the North Sea.
Bosses at Tailwind Energy said the North Sea oil firm’s “tremendous” performance during the Covid pandemic had set up a “year of investment” in 2021.
UK oil and gas firm Tailwind Energy intends to install a second pipeline to increase production from the Gannet E field in the UK central North Sea.
An oil field in the central North Sea has resumed production seven years after a leak forced its shutdown.