Article: United Kingdom: Oilexco Enters LOI with Bluewater to Deploy FPSO at North Sea's Huntington.

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!