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>

<< Oct 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

OPITO Global – The Safety and Competence Conference

OPITO Global – The Safety and Competence Conference, is the only international event focused on debating…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

Ocean Energy Europe Conference & Exhibition 2018

The annual Ocean Energy Europe Conference & Exhibition is the meeting point for the whole ocean energy sector…

read more >

Africa Oil Week 2018

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them…

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