Ocean Yield enters into option agreement for long-term FPSO bareboat charter

Ocean Yield has entered into an agreement with Aker Energy where the latter has an option to bareboat charter the floating production storage offloading (FPSO) vessel Dhirubhai-1 for a period of 15 years.

If the option is exercised, the FPSO will be used for an early-production project offshore Ghana.

Aker Energy is set to pay US$3 million for the option, that can be exercised before May 1, 2019. In addition, Aker Energy can extend the initial option period by another 30 days against additional compensation.