Teekay has contracted with SBM-Imodco to provide a single point turret mooring system to be integrated into the hull, confirming an earlier Upstream report.
Teekay will lease the unit to Unocal for 10 years with options to extend the term to 15 years.
"This project provides profitable long-term fixed-rate employment for one of Teekay's single-hull vessels, and underlines Teekay's growing commitment to offshore marine services," the company said.
Teekay
