Ocean Yield, Aker Energy Extended FPSO Dhirubhai-1 Charter Option

FPSO Dhirubhai-1Image Courtesy: Aker Floating Production

Norway-based shipping company Ocean Yield has extended the option for long-term charter for the FPSO Dhirubhai-1 by 30 days.

The company entered into the option agreement with Aker Energy in February 2019, for which Aker paid USD 3 million.

Under the deal, the initial option period was to expire on May 1, 2019, with an extension period of up to 30 days against an additional compensation.

If exercised, Aker Energy would bareboat charter the FPSO for a period of 15 years, to be used ­­­­for an early-production project offshore Ghana.

Ocean Yield earlier said that it would finance the modification of the FPSO against a competitive charter rate that reflects the book value of the unit and the cost of the modification if Aker Energy exercises the option. The company added that it would not be exposed to risks related to the modification or be involved in the operation of the vessel.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >