Teekay Corporation Announces 3.5-Year Contract for the Hummingbird Spirit FPSO
Teekay Corporation Ltd. (TK)
Last teekay corporation ltd. earnings: 2/21 03:25 am
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teekay.com/investors/teekay-corporation
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Source: GlobeNewswire
VANCOUVER, British Columbia, Oct. 11, 2019 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that it has entered into an agreement with the Chestnut Joint Venture, a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd., to extend the employment of the Hummingbird Spirit FPSO unit (Hummingbird) on the Chestnut field in the North Sea until March 2023. This contract extension was done in conjunction with the Chestnut Joint Venture’s plan to drill a new well at the Chestnut field. The new Hummingbird contract took effect on October 1, 2019 and is based on a fixed charter rate instead of the previous fixed charter rate plus oil production/price tariff. “We are pleased to announce this important multi-year FPSO contract extension for the Hummingbird in connection with our customer’s new drilling program, further extending the production of the field in the North Sea which originally commenced in 2008 and follows several contract extensions wi
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TK
Sec Filings
- 12/20/24 - Form 144
- 12/10/24 - Form 6-K
- 11/1/24 - Form SC
- TK's page on the SEC website