Teekay completes purchase of Knarr field FPSO

Offshore staff

HAMILTON, Bermuda – Teekay Offshore Partners (NYSE:TOO) has completed the acquisition of the Petrojarl Knarr FPSO serving BG’s Knarr field in the Norwegian North Sea from Teekay Corp. The fully built-up cost is around $1.26 billion.

The FPSO has completed all the required operational testing and has begun operating at its full charter rate under the long-term contract on Knarr.

Teekay adds that its first floater designed for maintenance and safety services, the Arendal Spirit, has started a three-year charter contract with Petrobras offshore Brazil. This is also the first such facility based on Sevan Marine’s cylindrical hull design.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...