FPSO Sevan Hummingbird formally accepted by Venture Production

Offshore staff

ARENDAL, Norway -- Following completion of the first 100,000 bbl of oil production, Venture Production has informed Sevan that the FPSO Sevan Hummingbird has been formally accepted and is on full rate from Sept. 28. The unit is installed on the Chestnut field in the central UK North Sea, under a two and a half plus two year charter contract.

"The FPSOSevan Hummingbird is the first geo stationary cylindrical FPSO to be installed in the North Sea," says Jan Erik Tveteraas, CEO of Sevan Marine ASA. "This marks a major milestone for Sevan and for our long-term relationship with Venture Production Plc."

10/10/2008