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Hunting PLC Secures $60 Million Organic Oil Recovery Contracts from Major North Sea Operators
Aug 29, 2024•almost 2 years ago
Contract Type
contract
LondonEnergyOil And GasDescription
Hunting PLC has secured significant Organic Oil Recovery (OOR) contracts worth up to $60 million from major North Sea operators. The OOR process, part of Hunting's 2030 strategy, aims to optimize reservoir performance, improve recovery rates, and reduce in-situ hydrogen sulphide levels for operators, thus extending the operational life of multiple assets across the North Sea portfolios.
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