In 2017, the North Sea lost out on 14.7 million barrels of oil due to asset integrity issues. That equates to roughly $926m at today’s oil price.
Repsol Sinopec Resources UK (RSRUK)
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.
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.
An Aberdeen team has solved an “age-old” industry challenge for North Sea platforms.