In the oil and gas industry, 'Christmas trees' are not a seasonal decoration. They are critical components that make it possible to control and monitor the wellhead and stop the oil flow in an emergency.
The contract was granted following a technical and commercial pre-selection process. It now enters a competitive dual FEED phase, where two separate consortia will propose independent technical solutions.
Lime Petroleum AS is pleased to share that the operator of PL740 Bestla, in which Lime has a 17% interest, has on 4 August 2025, spudded the first of two production wells.