ADMINISTRATORS for Northern Oil & Gas Australia will meet with creditors next month, and are seeking to sell the company's assets, but have also appealed to the national offshore regulator, asking it to consider an emergency case allowing a company subsidiary to take over as operator of the Northern Endeavour floating storage production and offloading vessel.
Currently Upstream Production Solutions is operator of the vessel, however NOGA administrators are concerned that UPS may resign from the role given the company's administration. Administrators...
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