The North Sea business of CNR International booked pre-tax losses of £86million as production declined last year, figures filed at Companies House show.
But the losses were an improvement on the £156million loss the firm made in 2013 as the firm felt the impact of outages on its Banff and Kyle fields in the Central North Sea about 200 miles east of Aberdeen.
Production from Banff and Kyle was suspended in December 2011 when the FPSO was hit by sever storms that winter. Production on the fields started back in July 2014.
Energy service giant Petrofac said today its projects and operations business unit had secured contract renewals for UK North Sea work worth a total of about $400million (£252million).
