Aker Energy takes more time to decide on FPSO Dhirubhai-1 charter

Oil company Aker Energy needs more time to decide whether to charter Ocean Yield’s FPSO Dhirubhai-1.

FPSO Dhirubhai-1 / Image source: Ocean Yield
FPSO Dhirubhai-1 / Image source: Ocean Yield

The two companies in February signed an option agreement for a 15-year charter of the FPSO. The option was to be exercised by May 1, with Aker also having the right to extend the option by 30 days.

Aker Energy on Tuesday, April 30, exercised its option to extend the initial option period by 30 days.

The FPSO Dhirubhai-1 was previously employed on the MA field located off the East Coast of India in Block KG-DWN-98/3 (KGD6) operated by Reliance Industries.

Due to a natural decline of production on the field, Reliance Industries decided to shut down production on September 17, 2018. Reliance had the option to buy the FPSO following the expiry of a ten-year contract but decided not to exercise it.

Aker Energy has said that, if hired, the FPSO could either be used to accelerate production from its Pecan development offshore Ghana or for other, potential developments dependent on volumes and geographical distribution of these.

According to Marine Traffic, the FPSO Dhirubhai is currently moored in a port in Sri Lanka.

 

Offshore Energy Today Staff


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