The London-listed operator said the cover has been confirmed by its reinsurers and covers “relevant operating and capital costs associated with both current operating procedures at the FPSO and the long-term solution”.
That long-term solution involves converting the floater into a permanently spread-moored facility, which will lead to a temporary shut-in and change in operating and offtake procedures. Offtake is currently done via shuttle tankers and will continue to be so until the end of the year, before it is done through a new deep-water offloading buoy.
The
