Oil major Chevron could launch a new tender for its Rosebank FPSO (Floating Production, Storage and Offloading) vessel after it terminated its order for with Hyundai Heavy Industries (HHI) last month.
In December the firm sent a termination notice for the order which had been valued at $1.85billion.
The original contract had been signed in April 2013 with Chevron North Sea Limited.
It is understood the firm could now launch a new tender.
A spokesman for Chevron North Sea Limited said: “The Rosebank project is continuing through Front End Engineering and Design (FEED). Chevron is committed to working with its project joint venture participants and stakeholders to make improve project value and make the right decisions for the Rosebank development.”
The Rosebank field was discovered in 2004 and is estimated to contain recoverable oil equivalent resources of 240millio barrels.
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