E.ON Charters FPSO Sevan Voyageur for Huntington Field

E.ON Ruhrgas has signed a charter party contract for the Sevan Voyageur FPSO to be installed on the Huntington field in the fourth quarter of 2011. First oil from Huntington is targeted for the first quarter of 2012. The charter party has a fixed-term of five years with extension options for the field's owners. The contract value is US $535 million for the fixed term. The Huntington oil field, located on Block 22/14 of the UK sector of the North Sea, is operated by E.ON Ruhrgas, holding a 25% interest; Premier Oil holds 40%; Carrizo holds 15%; and Altinex holds the remaining 20% interest.

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