Prosafe wins more time on Statoil’s Mariner project (UK)
- Business & Finance
Prosafe, an operator of semi-submersible accommodation vessels, has gained an extension of the firm hire duration for one of its flotels from the Norwegian oil giant Statoil due to a change in the schedule of Statoil’s Mariner project.
To remind, in October 2015, Statoil delayed the start of production from the Mariner field, in the UK sector of the North Sea, from 2017 to the second half of 2018 due to a delay in Mariner platform topside construction.
Prosafe and Statoil have now agreed to re-phase the Mariner project from 2016 into 2017, and extend the firm hire duration from 8 months to 13 months.
According to Prosafe, operations at the Statoil Mariner platform will start within 3Q 2017 and will be performed by either the Safe Zephyrus or Safe Boreas accommodation support vessel. On-site operations were previously scheduled to start in mid-April 2016.
In addition to the revised extended firm hire duration, Prosafe has granted Statoil six additional one-month options linked to the Mariner project, the company said on Monday.
Prosafe adds that total value of the re-phased and extended firm hire duration for the Mariner Project has increased from $76.3 million to approximately $131.8 million, including a re-phasing charge payable in 2016.
Offshore Energy Today Staff