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Teekay Announces Banff FPSO Contract Extension

Source: www.gulfoilandgas.com 5/24/2019, Location: Europe

Teekay has entered into an agreement with a subsidiary of Canadian Natural Resources (CNR) to extend the employment of the Petrojarl Banff FPSO on the Banff field in the North Sea for a period of one year to the end of August 2020 at substantially similar terms to the current contract, which includes an upside component linked to oil prices and oil/gas production.

'We are pleased to announce this important FPSO contract extension for the Petrojarl Banff, which extends the production of the fields in the North Sea, and we are committed to work together with CNR to maximize production in the future,' commented Kenneth Hvid, Teekay’s President and Chief Executive Officer.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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