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>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

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