Coronavirus company news summary – Tyra redevelopment project delayed – Boskalis’ operations affected by ongoing pandemic

9 November 2020 (Last Updated November 9th, 2020 09:54)

9 November

The coronavirus pandemic is taking its toll on the Russian gas region as infections are increasing among shift workers. The authorities of Yamal-Nenets region in Russia, which hosts significant gas projects, have witnessed coronavirus infections increase among oil and gas workers, with roughly 20 people being infected daily.

First production from the Tyra redevelopment project has postponed to 2023, owing to the coronavirus pandemic induced restrictions impacting the entire schedule. The operators announced that the first gas from the project, which was scheduled for 2022, will now be produced in Q2 2023. The installation of four new topsides at the project site was expected to be completed by 2021 but has now been deferred to 2022.

Dredging and heavylift company Boskalis reported stable revenues from its offshore business during the third quarter compared to the previous two quarters. The company’s order book for September quarter, however, fell to $1.54bn from $1.74bn in the second quarter. Despite delay of its projects in heavy lifting and offshore wind units, the company registered a revenue increase in other areas during the third quarter.

The offshore industry Europe is considering a shift towards remote oil rig system operations to avoid fears of virus spread. The introduction of remote operations and digitisation could also secure the future of offshore workers as they can continue working despite tightening of restrictions.