DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd., it said on Nov. 10, to deliver a range of services to the company in support of its North Sea operations.
Chrysaor recently completed the acquisition of a package of assets in the U.K. North Sea from Royal Dutch Shell Plc (NYSE: RDS.A) for a price of $3 billion. The transaction sees Chrysaor become the leading independent E&P company in the U.K., according to DNV GL. It currently has more than 400 staff working in the UKCS.
“We are delighted that we have been given the opportunity to work with Chrysaor and the hope is, that the agreement will form part of long term continuous relationship,” Hari Vamadevan, Regional Manager of DNV GL U.K. and West Africa, said.
“I am hopeful that we will be able to assist them in their vision to be a market leading North European E&P company,” he added.
“We anticipate that through our traditional and digital initiatives we can bring efficiency savings and support Chrysaor in their technical and safety processes,” Jack Downie, Head of Offshore Services DNV GL, said.
Chrysaor now holds stakes in 10 fields and blocks, including the BP-operated Schiehallion.