Royal Bank of Scotland has granted Dutch offshore developer Cirrus Energy more cash to continue with its projects in the North Sea.
After originally agreeing to lend Cirrus €30 million for the M1A and M7A developments in the Dutch sector of the North Sea, RBS has agreed to amend the financing terms with Cirrus, allowing it to finance its share of costs to complete the M7A development, and to cover modification on the L11b A platform to allow the tie-in of a recently drilled development well, L11b A06.