A Norwegian Offshore Directorate analysis of exploration activity from 2004-2023 shows that the discoveries are valued at three times the costs expended. 50 of 190 offshore discoveries have been developed and are producing, leaving three-quarters still to be developed. These investments will remain profitable as more fields come on stream.
Trendsetter Vulcan Offshore appoints company manager in Perth, expands global presence
Trendsetter Vulcan Offshore (TVO) has appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth.