Noreco demanding more than NOK 6 billion for damaged Siri platform

Oil company Noreco is aiming for compensation payments of more than NOK 6 billion in the protracted aftermath from the damages at the Siri platform, which have been very costly for the company.

Photo: DONG

More than NOK 6 billion (USD 750 million) in compensations.

This is what the Norwegian oil company Noreco is demanding from insurance companies after the issues on the Siri platform where the company lost huge sums in the 2009-2010 period due to cracks in the platform's underwater structure.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs