Ocean Yield to bareboat charter FPSO to Aker Energy

Ocean Yield to bareboat charter FPSO to Aker Energy

Ocean Yield has entered into an agreement with Aker Energy, granting Aker Energy an option to bareboat charter 2008-built FPSO Dhirubhai-1 for a period of 15 years.

Aker Energy is paying $3m for the option, which if exercised will see the FPSO modified and used for an early-production project offshore Ghana.

The option can be exercised through to May 1, and Aker Energy has an option to extend the option by a further 30 days.

Lars Solbakken, CEO of Ocean Yield, commented: “We are pleased to announce that we have entered into an option agreement with Aker Energy for a 15-year bareboat charter for the FPSO Dhirubhai-1 for their planned early oil production offshore Ghana. If the option is exercised, we expect some revenues from the FPSO already this year and increased revenue contribution from first oil, which is targeted in 2021.”

Aker Energy is part of Kjell Inge Røkke’s Aker ASA, which owns 61.65% of Ocean Yield.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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