FPSO partnership established

May 11, 2006
Bibby Offshore and Alliance Marine Services have entered into a global support agreement with FPS Ocean to own and operate FPSOs.

Offshore Staff

(UK) - Bibby Offshore and Alliance Marine Services have entered into a global support agreement with FPS Ocean to own and operate FPSOs.

FPS Ocean recently purchased the first vessel,Nordic Laurita, to be operated under the agreement. The 68,000-dwt tanker will be converted into an FPSO with capacity to process 40,000 b/d and store 525,000 bbl of oil.

According to the agreement, Bibby Offshore will provide operating services in harsh environments and Alliance Marine Services in benign locations. The partnership will focus on opportunities in the North Sea, West Africa, Brazil and Southeast Asia.

05/10/06