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Offshore UK Operator Extends FPSO Contract
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Repsol Sinopec extends lease for North Sea FPSO
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A North Sea icon
The FPSO is expected to be taken off station and handed back to vessel owner Teekay Corporation in 2022, BP said.
Emeka Emembolu, BP s North Sea senior vice president, said: “The Petrojarl Foinaven FPSO has been an icon in the North Sea, serving the first deep-water development on the UKCS and to the West of Shetland. Foinaven was the forerunner to our major Schiehallion and Clair developments, which have helped establish the West of Shetland as a key strategic hub in BP’s global portfolio. Retiring the long-serving FPSO is now the safest and most economical option at this point. It also provides an opportunity to set the fields up for safe, efficient and more sustainable oil and gas production in the future, in line with BP’s and the North Sea region’s commitment to continue delivering safe and reliable oil and gas while transitioning to a net zero integrated energy company.”