Teekay has agreed to scrap a small floating production, storage and offloading vessel at the Danish facility of Modern American Recycling Services (MARS).
The Petrojarl Banff (built 1998) is expected to arrive at the Frederikshavn yard before the end of the first quarter this year, the companies said.
The contract includes engineering, preparation, dismantling and green recycling of the unit, which has spent the past 21 years working in the North Sea.
