NYK Offshore Tankers has signed a time-charter contract with Total for a floating, storage, and offloading unit (FSO) to be installed in Norwegian waters.
The charter will run for eight years with options for four further years.
For this project, an existing shuttle tanker will be converted into an FSO for duties in the Martin Linge field, which is currently being developed by partners Total (51%), Petoro (30%) and Statoil (19%).
The completed vessel is due for delivery at the end of 2016 and will feature a remote-controlled system that will be operable from both the Martin Linge production platform and from onshore.
