BlueNord, Semco Maritime partner to develop oil, gas assets
(WO) – Energy company BlueNord, also known as Noreco Oil Denmark A/S or Noreco, and engineering and contracting company Semco Maritime A/S (“Semco Maritime”) have entered into a strategic partnership agreement with the purpose of jointly identifying, exploring and investigating opportunities in the oil and gas space.
The agreement enables BlueNord and Semco Maritime to jointly pursue specific opportunities such as taking over operation of already existing assets or developing and operating new fields as well as making other relevant investments or taking on other related activities to the mutual benefit of the partners.
Semco Maritime will be responsible for the daily operation of topside facilities as well as tasks related to production optimization, maintenance and integrity planning, modifications, procurement, logistics and warehousing, and emergency response.
BlueNord is the second largest oil and gas producer in Denmark with an asset portfolio including four hubs and 11 producing fields, of which three hubs are currently producing and one hub is under redevelopment.
Semco Maritime is an engineering and contracting company with deep specialist competencies, more than 40 years of experience in the offshore industry and more than 1,000 dedicated people currently engaged in offshore operation support across Denmark, Norway, and the UK. The strategic partnership is an initial important step in potentially pursuing opportunities across various maturity phases from exploration work over investigation efforts to preparation and actual execution and operation.
“For BlueNord, this is a tangible and important step in our ongoing development towards long term maximization of the value from our existing assets and opportunities. Since 2019, Denmark has been core for us and is where we focus our long-term ambitions. With this agreement we continue to build our capabilities enabling us to provide Europe with the energy it needs both now and in the future,” said Marianne Eide, Chief Operating Officer in BlueNord.
