Repsol Sinopec extends flotel contract as Montrose work drags on

Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised a further four weeks of options for the Prosafe-owned flotel Safe Boreas. 

Prosafe said on Tuesday that the Safe Boreas will continue operations for Repsol Sinopec at Montrose A in the UK sector of the North Sea through April 24, 2017, with the reduced option periods’ day rate consistent with market conditions continuing.

Repsol Sinopec has the ability to extend the Safe Boreas further through weekly options.

Prosafe’s 2015-built flotel is supporting the complex next four phases of the Montrose Area Redevelopment (MAR) project that sees the significant modification and expansion of the existing Montrose Area infrastructure including the development of three new fields: Godwin, Cayley and Shaw.

The Safe Boreas started its 245-day firm operational period at Montrose A in mid-March 2016. The flotel’s previous extension was agreed in mid-February for a one month period. The unit has the capacity to accommodate 450 persons in single man cabins.

While production from the Shaw field was previously expected to start in the first quarter of 2017, Repsol Sinopec said on Monday it is now confirmed for the second quarter this year.

Offshore Energy Today reached out to Repsol Sinopec seeking further details on the Montrose development work and the reason behind the delay, however, we are yet to receive the company’s response.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 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 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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