May 22, 2014
The $220 million conversion project is expected to be completed in the first quarter of 2017, before the newly converted FSO unit will commence operations under a 3-year firm period time-charter contract to Statoil, which also includes additional extension options.
“This Gina Krog FSO project represents another milestone in Teekay Offshore’s expanding FSO franchise, showcasing the companies growing offshore project development capability ” highlights Ingvild Sæther, President, Teekay Shuttle and Offshore Services.
