FPSO players keeping an eye on two ageing vessels in Australia

Potential buyers and services providers are keeping a watchful eye on two ageing floating production, storage and offloading vessels offshore Western Australia that are both at the centre of separate controversies.

According to multiple FPSO market sources, the Northern Endeavour and Montara Venture FPSOs are on the radar screens of interested parties within the floater sector and other sectors.

Northern Endeavour

The Northern Endeavour has been in a non-producing state for three years at the Laminaria and Corallina oilfields about 550 kilometres northwest of Darwin in the Timor Sea.