Kraken field development19 Dec 2020 09:18
The Kraken FPSO has a fixed charter of 8 years. Meaning, it is chartered till roughly 2025, with an option to extend annually for a further 17 years.
Based on the FPSO performance and field development plans, how likely are Enquest to extend the FPSO charter beyond 2025? Will Equest get a good rate, and the contract signing only stipulated the firm period contract value but not the option.