Premier Oil to keep Voyageur Spirit FPSO till 2019

Premier Oil is set to extend the charter for the Voyageur Spirit FPSO in the North Sea.

The oil company entered into a heads of terms with Teekay in November to extend the employment of the Voyageur Spirit FPSO unit on the Huntington field for one more year.

This means the floating production unit will remain at location until April 2019.

The new contract, for which the final terms and documentation have yet to be agreed, would take effect in April 2018.

According to Teekay, the contract with Premier Oil will include a fixed rate component and an upside component based on the oil production and oil prices.

In the first half of 2017, production from Premier’s UK fields averaged 45.6 kboepd, up from 22.2 kboepd in the first half of 2016.

The Premier-operated Huntington field was the highest net producer in the portfolio with production averaging 15.6 kboepd, up from 8.8 kboepd in the first half of 2016.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2018 >>
MTWTFSS
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 4

AOG 2018 Conference

This event is a showcase of the latest products and attracts over 8,000 global visitors providing opportunities to network and learn about…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

FPSO Europe Congress 2018

The FPSO Europe Congress 2018 builds on these themes, lending a particular focus to FPSO Value Preservation and Operational Excellence…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

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

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