Reliance Taps Aker FPSO for $1.1 Billion


SMART 1
(Click to Enlarge)

Reliance Industries Limited has exercised their option to call a 10-year bare boat contract with Aker Floating Production ASA's subsidiary Aker Contracting FP ASA for the FPSO Aker SMART 1.

Over the 10-year duration of the contract, this amounts to U.S. $1.1 billion of bare boat revenues.

As a consequence the operation and maintenance contract for the FPSO with Aker Borgestad Operations AS, a subsidiary of Aker Floating Production ASA, has been extended accordingly.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours