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Article: United Kingdom: Oilexco Enters LOI with Bluewater to Deploy FPSO at North Sea's Huntington.
- Article from:
- TendersInfo
- Article date:
- August 29, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Oilexco, the Operator of the Huntington field in the UK, where Noreco owns a 20% share, has entered into a letter of intent with Bluewater for deployment of the Floating Production, Storage and Offloading vessel (FPSO) Glas Dowr at the Huntington field in the North Sea.
"This brings the Huntington field closer to development, and we will now finalize a field development plan for the first phase of development," said Scott Kerr, CEO. The deployment of the Glas Dowr FPSO is subject to a final agreement between the parties.
Further details on the development plan for the Huntington field will be subject to a separate announcement ...