Nortechs FPSO signs contract with Peak Petroleum Industries Nigeria Limited

Source: www.gulfoilandgas.com 6/16/2008, Location: Africa

Nortechs FPSO PTE Ltd. entered into an agreement with Peak Petroleum Industries Nigeria Ltd. for the FPSO East Fortune to provide production, storage and offloading services on the Bilabri Field, located in Block OML 122, offshore Nigeria.

Following a short yard stay in Singapore, required to carry out the modifications and upgrades necessary for operating in Nigeria, the FPSO East Fortune will set sail from Singapore in time for production from the Bilabri Field to commence by the end of 2008.

The primary term of the contract is 3 years, with Peak having the option of extending the contract for up to a maximum of 10 years. The total nominal value of the contract, excluding options and production incentives, is about 110 million USD.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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