ABERDEEN-BASED CNR International said yesterday it had achieved a milestone in its oil production operations.
The company has produced its 250millionth barrel of oil equivalent, a decade after setting up in the UK.
CNR’s North Sea operations – which include the Ninian hub, Murchison, Banff, Kyle, Tiffany, Thelma and Toni fields – have contributed the majority of the landmark figure, with the rest coming from its offshore west African operations.
Managing director James Edens said: “Producing our 250millionth net barrel is a landmark achievement and is testament to the rapid rate at which our operations have grown since the company’s acquisition of Ranger Oil in 2000.
“Our strong performance has stemmed from a clearly defined international growth strategy that has been implemented in the North Sea and offshore west Africa.”
A subsidiary of Canadian Natural Resources, CNR set up its offices in the UK in 2000 following the acquisition of Ranger Oil.
It was based initially at Guildford before moving its headquarters to Aberdeen in 2002 after acquiring, and becoming operator of the Ninian and Murchison assets in the northern North Sea.
Mr Edens said: “CNR International will continue to develop its core areas in the North Sea, where opportunities are plentiful for the foreseeable future. In addition, further growth opportunities will continue to be sought offshore west Africa, which will continue to be a key area of growth for us over the next few years.”
CNR controls all international operations plus 350 staff and contractors from its St Magnus House offices, in Aberdeen.