Teekay Corporation inks Contract for Hummingbird Spirit FPSO

teekay-corporation_37496.png
Image Source: https://www.teekay.com
xDOWNLOAD

Teekay Corporation inks Contract for Hummingbird Spirit FPSO

Teekay Corporation inks Contract for Hummingbird Spirit FPSO

Teekay Corporation announced that it has entered into an agreement with the Chestnut Joint Venture, a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd., to extend the employment of the Hummingbird Spirit FPSO unit on the Chestnut field in the North Sea until March 2023. This contract extension was done in conjunction with the Chestnut Joint Ventures plan to drill a new well at the Chestnut field. The new Hummingbird contract took effect on October 1, 2019 and is based on a fixed charter rate instead of the previous fixed charter rate plus oil production/price tariff.

Kenneth Hvid, Teekays President and Chief Executive Officer, said We are pleased to announce this important multi-year FPSO contract extension for the Hummingbird in connec....

read more from steelguru.com