Teekay Corp has penned a new deal worth up to $540m for one of its offshore units operating off the UK coast.
The new contract for the floating production storage & offloading vessel Petrojarl Foinaven (built 1988) signed with Britoil and Marathon Petroleum runs until at least 2021.
As well as a day rate it includes operating performance incentives like production and supplemental tariffs.
Teekay
