Centrica is to extend its contract for the Hummingbird Spirit floating production vessel in the North Sea until 2016.
The cylindrical FPSO, which is owned by Teekay, has been operating on the Chestnut field, 200km north-east of Aberdeen since 2008.
The field, which has had its life significantly extended from 7million to 18million barrels in recoverable reserves, is currently producing around 7,000 barrels per day. The new deal will extend the field’s life by at least a further year.
“Today’s announcement to extend production at our Chestnut field shows, once again, that our efforts to optimise recovery from our North Sea assets are paying off,” said Centrica Uk vice president Colette Cohen.
“Centrica Energy is making good progress towards its international production goal and our UK operations will continue to play an important part of our success story, as we invest in new and existing projects”.
The Hummingbird Spirit, with a capacity of more than 200,000 barrels of oil, was the first vessel of its kind installed in the North Sea.
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