North Sea operator Repsol Sinopec Resources UK (RSRUK) has struck a deal with Bluewater to extend the charter of the Bleo Holm FPSO.
The new contract will run until December 31 2024, at which point RSRUK can exercise a one-year extension option.
The vessel serves the Blake and Ross fields, 72 miles north-east of Aberdeen.
RSRUK chief executive José Luis Muñoz said: “I am very pleased that this lease has been extended.
“In alignment with the Oil & Gas Authority’s MER UK Strategy this is a clear demonstration of our commitment to the North Sea and is a timely development to encourage further investment, increase production and facilitate life extension for the area, all while remaining focussed on emissions reduction opportunities.”
Hugo Heerema, CEO of Bluewater, said: “We are pleased to have been part of making serious additional life of field possible, in what we see as a win-win for ourselves and our client”
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