Teekay, Det norsek to develop FlexShuttle

Teekay and Det norske oljeselskap ASA have agreed to jointly develop further the Teekay FlexShuttle concept, a patented export solution for advanced future offshore operations.

Offshore staff

VANCOUVER, Canada -- Teekay and Det norske oljeselskap ASA have agreed to jointly develop further the Teekay FlexShuttle concept, a patented export solution for advanced future offshore operations.

According to the companies, the Teekay FlexShuttle will meet the transportation challenges of developing marginal North Sea fields. The concept will include stern loading to allow for offshore export operations to be performed directly from the production facility.

The two-year research and development program is co-funded by The Research Council of Norway and supported by Marine Cybernetics and Ship Manoeuvring Simulator Centre A/S.

02/09/2010

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