Venture, Sevan extend contract for second floater
Offshore Staff
ARENDAL, Norway -- Venture Production and Sevan Marine ASA have extended an existing contract for the provision of a second cylinder-shaped FPSO.
Previously, Venture and Sevan have contracted for the FPSO Sevan Hummingbird, a Sevan 300 FPSO which has been installed and is being commissioned on the Chestnut field in the UK central North Sea.
The second Sevan 300 FPSO going to Venture will be based on Sevan's patented technology. Among the advantages Sevan expects from the cylindrical FPSOs are higher uptime and lower operating costs.
Under the revised contract, Venture may deploy the Sevan 300 on any of its fields in the North Sea. The process modules will be designed by Kanfa AS, Sevan's wholly owned subsidiary.
05/08/2008
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