FPSO’s Final Acceptance To Mitigate Default Risks On Loans
Lenders could have
Reliance Orders FPSO To Cease Production
Reliance Industries ordered the FPSO Dhirubhai-1 to shut down production when its contract expires on Sept. 19.
Dhirubhai-1 is operated by Aker Floating Production AS. The 10-year contract with Reliance for the MA field offshore eastern India was set to expire on Sept. 19. Reliance gave its shutdown order on Sept. 17.
Reliance’s purchase option on the FPSO remains valid until the contract expires.
Singapore’s Keppel Offshore & Marine will carry out an FPSO conversion for Yinson for a vessel destined for the Offshore Cape Three Points development offshore Ghana.
Floater Briefs For April 24
BG has announced first oil from the Cidade de Itaguaí FPSO vessel, the sixth unit to start production across the group’s discoveries in the Santos Basin, offshore Brazil.