Teekay books extensions for FPSO duo. Eyeing future redeployment options


Teekay Offshore has won extensions for its FPSO duo Petrojarl Cidade de Rio das Ostras, and Voyageur Spirit in Brazil and the UK, respectively.

In Brazil, the national oil company Petrobras has elected to extend the contract the Ostras a least till November 2018.

Teekay Offshore revealed the extension news on Thursday while presenting its quarterly results.

Teekay said the extension with Petrobras had been agreed in July, adding that the Brazilian oil company would have further options to extend the charter until January at an increased rate relative to the option period of the previous contract extension.

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