UK: Teekay's Tanker for Xcite's Bentley Oil

UK: Teekay's Tanker for Xcite's Bentley Oil

Xcite Energy  has signed a letter of intent (“LoI”) with Teekay Shipping Norway AS (“Teekay”) for the provision of a shuttle tanker for the forthcoming Phase 1A of the Bentley field development programme.

The LoI anticipates that XER and Teekay will enter into a definitive agreement for one of Teekay’s dynamically positioned shuttle tankers within three months, following which the shuttle tanker is expected to be used as the in-field storage and offtake facility for Bentley crude oil from the Phase 1A production.

Commenting on today’s announcement, Exploration and Development Director, Steve Kew said:

“We are pleased to have secured a storage and offtake vessel, which will play a key part in Phase 1A and first oil from the Bentley Field. As another important step in the overall planning for the field development, it also serves to highlight the concurrent activity that is underway whilst we await the necessary approvals from DECC.”

Offshore Energy Today Staff, December 14, 2011

Share this article

Follow Offshore Energy Today

One thought on “UK: Teekay's Tanker for Xcite's Bentley Oil”

Comments are closed.

Events>

<< Feb 2020 >>
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 1

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