Kjell Inge Rokke’s Ocean Yield is facing a hefty provision after it failed to sell an FPSO that came off contract in India.
The FPSO Dhirubhai-1, owned by subsidiary Aker Floating Production (AFP), has been operating on a 10-year charter contract with Reliance Industries in India.
But the contract expired on Wednesday and the FPSO has now ceased production on the field.
