Kjell Inge Rokke’s Ocean Yield will see its only FPSO come off time charter this week.
Uncertainty has surrounded the FPSO Dhirubhai-1 for some time and Ocean Yield confirmed today the 10-year charter will finish on 19 September.
Reliance Industries still has a purchase option on the unit, which is still valid until the contract officially ends.
Ocean Yield says its third quarter dividend will be unaffected by the developments.
