Ocean Yield mulls options for FPSO as Reliance says no to purchase option

India’s Reliance Industries has not exercised its option to purchase Ocean Yield’s FPSO Dhirubhai-1 and the unit has now ceased production from the MA field located off the East Coast of India.  As previously reported, Reliance had the option to buy the FPSO once the FPSO’s ten-year charter contract on the MA field expires. The contract expired on … Continue reading Ocean Yield mulls options for FPSO as Reliance says no to purchase option