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


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply