View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
June 27, 2010

Teekay Signs FPSO Renewal Deal

Teekay Corporation has signed a contract with Brazilian state-owned oil giant Petrobras to extend an operating contract for Teekay's Rio das Ostras FPSO unit through to 2018. The oil tanker operator said the FPSO unit will be re-deployed to the Aruana field in the Campos Basin after comp

By cms admin

Teekay Corporation has signed a contract with Brazilian state-owned oil giant Petrobras to extend an operating contract for Teekay’s Rio das Ostras FPSO unit through to 2018.

The oil tanker operator said the FPSO unit will be re-deployed to the Aruana field in the Campos Basin after completing upgrades for its new field, which are expected to be complete by the end of 2010.

The Rio das Ostras FPSO has successfully completed a two-year deployment on the Badejo field producing heavy oil with a record-low API gravity, it said.

Since 2008, the Rio das Ostras FPSO has served as a test facility for the production of heavy crude oil from the Badejo field, the company said.

The unit has around 214,000 barrels of crude oil storage capacity and can produce up to 15,000 barrels of heavy crude oil a day, Teekay said.

Teekay said the extension contract is the company’s third FPSO renewal during the past year.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology