Chestnut FPSO Contract & Field Life Extended for Another Year

Atlantic Petroleum UK Limited announces that Centrica Energy on behalf of the Chestnut joint venture (Licence P.354) has entered into a further agreement with Teekay Hummingbird Production Limited, to secure the use of the Hummingbird Spirit FPSO until end March 2017 (from the current March 2016) and thereby extend the Chestnut Field life by at least a further year.

CEO Ben Arabo commented “We are delighted that the Chestnut joint venture has been able to agree another contract extension with Teekay for the use of the Hummingbird FPSO. We continue to work with the joint venture to examine ways to even further enhance the recovery from the Chestnut Field in the future.”