Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Chrysaor has hired a lab analyst and basin modelling firm to help scope out further exploration and production potential at its UK North Sea assets.
North Sea operator Chrysaor has made a large profit in its first full year since its £3billion mega deal with Shell.
Ice-like crystals have delayed the restart of production from a central North Sea field, Serica Energy said today.
Serica Energy said today that production from the Erskine field would resume in September as work continues on a new export pipeline.
Serica Energy said today that a way of permanently preventing blockages in a North Sea export pipeline was being "advanced".
Oil and gas procurement company Craig International has clinched a contract with Chrysaor worth at least £1million.