Teekay gets extension for Petrojarl Banff FPSO

Teekay Corporation has agreed with Canadian Natural Resources (CNR) to extend the employment of its Petrojarl Banff FPSO unit for one year.

The extension will see the unit operating on the Banff field in the North Sea until at least the end of August 2020.

Teekay says the extension is at substantially similar terms to the current contract, which includes an upside component linked to oil prices and oil and gas production.

Kenneth Hvid, president and CEO of Teekay, commented: “We are pleased to announce this important FPSO contract extension for the Petrojarl Banff, which extends the production of the fields in the North Sea, and we are committed to work together with CNR to maximize production in the future.”

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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