Photo: Image Courtesy: Aker Floating Production

Aker Energy Extends Option for Ocean Yield FPSO Again

Aker Energy has exercised another charter extension option for the FPSO Dhirubhai-1 with Norway-based shipping company Ocean Yield.

The parties have an option agreement for a long-term bareboat charter of the FPSO, that was set to expire on September 1, 2019.

Ocean Yield and Aker Energy have now agreed to extend the option period until December 31, against additional compensation. The companies have extended the option several times since its initial expiry date of May 1.

According to the original option, signed in February 2019 for USD 3 million, Aker Energy is to bareboat charter the FPSO for a period of 15 years ­­­­for an early-production project offshore Ghana.

If the parties go through with the deal, Ocean Yield would finance the modification of the FPSO.