Total Exercises Options for MSV Regalia on Girassol
Prosafe has been given notice that Total E&P Angola, as the Operator of Block 17 offshore Angola, has exercised the last two of the available 5 x 1 month options for the use of MSV Regalia in relation to the modification of the Girassol FPSO. As a result, MSV Regalia will now be on Girassol until the end of May 2007. Total value of the extension net of local withholding tax is about US $7.8 million.
Long-term market prospects for accommodation and service rigs are positive, and Prosafe is, through the acquisition of Consafe Offshore, expanding capacity to serve the increasing demand.
Sociedade Nacional de Combustiveis de Angola (Sonangol) is the Concessionaire of Block 17. Total E&P Angola's coventurers are Esso Exploration Angola (Block 17) Ltd., BP Exploration (Angola) Ltd., Statoil Angola Block 17 AS and Norsk Hydro Dezassete AS.
- Norway's $24B Fund Seeing End To Losses In Oil Services (Aug 17)
- Prosafe Takes Delivery of the Safe Zephyrus Accommodation Vessel (Jan 27)
- Sembcorp Marine Delivers Accommodation Semisub Safe Zephyrus to Prosafe (Jan 19)
Company: Total S.A. more info
- Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- France's Total Buys Engie's LNG Business For $1.5B (Nov 08)