Libra FPSO conversion starts in Singapore

Teekay Partners says conversion is under way of a 1995-built shuttle tanker, the Navion Norvegia, to an FPSO for the Libra field offshore Brazil, at a cost of around $1 billion.

May 15th, 2015

Offshore staff

HAMILTON, Bermuda – Teekay Partners says conversion is under way of a 1995-built shuttle tanker, the Navion Norvegia, to an FPSO for the Libra field offshore Brazil, at a cost of around $1 billion.

Following delivery fromSembcorp Marine’s Jurong Shipyard in Singapore the vessel should begin operations in early-2017 under a 12-year fixed-rate contract with Petrobras and its partners.

Teekay has taken delivery of theArendal Spirit, its first modern floating unit for maintenance and safety, and expects this vessel to start its charter contract with Petrobras in June.

Among the contractor’s other programs, theRandgrid shuttle tanker is currently in transit to a shipyard in Singapore to be converted to an FSO for Statoil’s Gina Krog project in the Norwegian North Sea. Start-up is due in early-2017.

Early this month Teekay secured a two-year shuttle tanker contract of affreightment (CoA) with EnQuest to service the Alma Galia field in the UK North Sea. The CoA is expected to start up in July with the requirement for up to 15 round-trip voyages per year.

05/15/2015

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