Petrotechnics releases statement on UK Autumn budget

Published by David Bizley, Senior Editor
Oilfield Technology, Wednesday, 23 November 2016 16:20

Scott Lehmann of Petrotechnics has commented on the Chancellor's budget statement.

"In today’s Autumn Statement the Chancellor reinforced that commitments made to the UK North Sea oil and gas sector in the March Budget still stand. While this is good it’s not enough. More measures are needed to support a sector that is severely resource-constrained. Operators are facing immense pressure to do more with less while maintaining safe, efficient operations. This prioritisation of limited resources is creating a growing maintenance backlog for North Sea assets. The result of this could be lessened with additional measures to provide much needed breathing room for operators to address underlying inefficiencies."

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23112016/petrotechnics-releases-statement-on-uk-autumn-budget/

McDermott awarded offshore contract by Brazil's BRAVA Energia

Friday 11 July 2025 10:30

Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment for two new wells at the Papa-Terra field and two new wells for the Atlanta Phase 2 development.

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