Aker Energy is getting even more time to decide what to do with a laid-up Ocean Yield FPSO.
Ocean Yield announced that the Norwegian oil and gas outfit has until 1 September to decide whether or not to execute the 15-year bareboat charter option it has on the 214,266-cbm Dhirubhai-1 (built 1979).
Ocean Yield said Aker was paying for the rights, even as Ocean Yield looks for other employment opportunities for the ship — including paying for a study on behalf of another oil company.
Both companies are backed by Kjell Inge Rokke. The option originally expired on 1 May, but was extended until 30 May.
Should the option be exercised the Dhirubhai-1 would go to work at the Deepwater Tano Cape Three Points block offshore Ghana.
Prior to its April lay-up, the Dhirubhai-1 had been on a 10-year charter to India's Reliance Industries, working on the company's east coast.
Ocean Yield's first quarter results took a hit, in part due to the Dhirubhai-1's inactivity, with net profits falling from $33.9m to $8.4m year-over-year.
