As an investor in several mid-to-late-life assets, we are aware of the importance to ensure their full economic recovery for reaching Net Zero by 2050 target. We also acknowledge the challenges posed by decommissioning, a more CO2-intensive activity than the repurposing of assets. The decommissioning programmes for our assets are based on assessments of the safety, environmental, and financial factors in the process. They are developed in accordance with the relevant industry guidelines, as follows:
- The decommissioning process associated with our assets is in line with the NSTA strategy that aims to minimise the cost and greenhouse gas impact of these activities.
- The decommissioning of our assets adheres to the Petroleum Act 1998, controlled by the Offshore Petroleum Regulator for Environment and Decommissioning, which operates as part of the Department for Energy Security and Net Zero
Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro
Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro Monday, 20 March 2023 Share Analysts at Energy Voice highlight potential targets for Viaro acquisition. The article begins by quoting Dave Moseley, vice president of North Sea research at Welligence, suggesting that the Laggan-Tormore fields are the “most obvious candidates”. Viaro CEO Mazzagatti is quoted confirming […]
Australian indie to fire up UK gas project after farm-out
Upstream reports that Hartshead Resources has struck a farm-out deal with UK upstream company RockRose Energy for 60% equity in Licence P2607 which contains the Anning and Somerville gas fields, located in the UK’s southern gas basin
Boost for new UK offshore oil project as new partner comes aboard
Upstream reports on Viaro’s deal with EnQuest to acquire a 15% interest in the Bressay field and the EnQuest Producer floating production, storage and offloading vessel for a total consideration of £46m.
Collaboration with Aberdeenshire Council Ranger Service
RockRose Energy employees took part in community event run by Aberdeenshire Council Ranger Service that aims to preserve the Portlethen Moss, a nature reserve located in Aberdeenshire. Restoring moss is not only important for preserving natural biodiversity and wildlife, but the plant can also sequester large amounts of carbon dioxide, making it a crucial carbon capture and storage opportunity.
Executive Interview North Sea Focus: Francesco Mazzagatti, Chief Executive Officer, Viaro Energy
Ahead of his participation in the World Energy Capital Assembly 2023, Francesco Mazzagatti speaks to the World Energy Council about investment in exploration and production in the North Sea.
Executive Interview: Francesco Mazzagatti, Chief Executive Officer, Viaro Energy
CEO Francesco Mazzagatti is interviewed by the Energy Council to mark his joining of the advisory board of the World Energy Capital Assembly. He discusses the methodical and evidence-based decision to acquire RockRose Energy as a long-term opportunity to expand within the North Sea. Mazzagatti goes on to reflect on Viaro’s response to the COVID […]
Expressive writing project from Kingston University to help Covid-19 healthcare workers overcome traumatic experiences
Expressive writing project from Kingston University to help Covid-19 healthcare workers overcome traumatic experiences Monday, 12 October 2020 Share Viaro Energy has donated £10,000 in funding to a project run by Kingston University that aims to help people overcome trauma through expressive writing and will be offered to healthcare professionals who are delivering front-line services […]
First gas flows from North Sea project 22 months after final investment decision
Offshore Energy reports that first gas has been achieved from the A15 platform in the Dutch North Sea by operator Petrogas. Viaro has a 27.6% stake in the platform via its main operating subsidiary RockRose Energy.
Francesco Mazzagatti Of Viaro Group On How They Are Helping To Break the Cycle of Non-Renewable Consumption
Francesco Mazzagatti speaks to Medium magazine about how Viaro is helping to break the cycle of non-renewable consumption.
Francesco Mazzagatti Takes the Stage at World Energy Capital Assembly Conference and Shares Insights with the Energy Council
At the close of 2023, our CEO Francesco Mazzagatti took the spotlight as a speaker at the World Energy Capital Assembly conference, where he shed light on the future landscape of the energy sector. Following this, Mr. Mazzagatti engaged in an interview with the Energy Council, covering the key aspects of Britain's position towards net-zero. This article provides an overview of the UK’s energy sector at the end of 2023, along with insight into Mr. Mazzagatti's contributions and perspectives.
RockRose Energy had non-operated interests in 4 B-Block fields – comprising Balmoral, Stirling, Burghley, and Beauly – that ceased production in 2020. As part of the decommissioning activities, the subsea infrastructure and topsides were made hydrocarbon-free, the risers and mooring lines disconnected, and the Balmoral Floating Production Vessel (FPV) left the field in 2021. The FPV is currently being deconstructed at a yard in Denmark. The subsea infrastructure and wells will be decommissioned in the upcoming years.