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

Image: MarineTraffic.com/Egil Roald Nilsen

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.

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