The Norwegian energy company BlueNord, formerly known as Noreco, has entered into a strategic partnership agreement with the engineering and construction company Semco Maritime in order to identify, explore and investigate opportunities in the oil and gas field.

BlueNord, which owns well over a third of the Danish Underground Consortium (DUC), is the second largest oil and gas producer in Denmark and the strategic partnership with Semco Maritime is a first and important step in possibly pursuing new opportunities from exploration to investigations and preparation for execution and operation of new fields, according to a press release from Semco Maritime.

"We are incredibly proud to enter into this strategic partnership with a highly recognized energy company like BlueNord, and we see great opportunities in the oil and gas area in the coming years. We bring our expertise and experience into play in the partnership and look forward to a good and close collaboration with our skilled partners in BlueNord when together we make an effort to deliver safe operation and stable energy supply," says Senior Vice President, Oil & Gas, Semco Maritime, Anders Benfeldt.

The agreement will make it possible for the parties to take over the operation of already existing fields or develop and operate new fields or otherwise make "other relevant investments or other related activities for the benefit of both parties."

Noreco is the first company to apply for permission to search for and extract gas in the North Sea since 2020 when a majority in the Danish Parliament entered into an agreement to stop extraction.

Semco Maritime, which has just submitted a canon account, will be responsible for the daily operation of topside facilities and tasks within production optimization, maintenance and integrity planning, modifications, procurement, logistics, and storage as well as emergency response.

"The agreement establishes a solid foundation for the further development of the parties' cooperation and capabilities in both operations and innovation. For BlueNord, this is a concrete and important step in our ongoing development to ensure maximum and long-term value creation from our existing assets and opportunities. Since 2019, Denmark has been a core area for us and where we have our long-term ambitions. With this agreement, we continue to build our capabilities so that we can deliver the energy that Europe needs now and in the future," says Marianne Eide, Chief Operating Officer, BlueNord.