Parkmead ‘working intensively’ on deals as key North Sea projects progress

Bosses at Parkmead Group said today they were “working intensively” on acquisitions to beef up the firm’s portfolio.

They said the Aberdeen-headquartered oil firm was “well positioned” after announcing its latest results, which showed a near doubling of revenues to £5.3 million in the six months to December 31.

Buoyed by a strong performance from its Dutch onshore assets, Parkmead posted half-year, pre-tax profits of £3.8m, a massive improvement on a deficit of £4m for the same period in 2017.

Read the full story on the Energy Voice website.