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 the end of 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.”
The Hummingbird Spirit FPSO has been operating on Chestnut field in the Central North Sea since 2008. The Chestnut field is located 200km north-east of Aberdeen.
The Hummingbird Spirit, which stores more than 200,000 barrels of oil, was the first vessel of its type to be installed in the North Sea. It has multiple, flexible risers to carry oil from the two production wells and water to the single injection well.
Press Release, May 15, 2014; Image: Centrica