Teekay’s biggest project to date, Petrojarl Knarr, was delivered and achieved first oilthis year. The floating production storage and offloading (FPSO) unit is currently operating in the Knarr field which has estimated gross recoverable reserves of around 80 million barrels of oil equivalent with a production life of at least ten years. Petrojarl Knarr is currently under a six-year charter contract with BG Group.
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