Teekay Offshore’s Piranema Spirit FPSO gets Petrobras extension

Floating production unit specialist Teekay Offshore has said it has secured a contract extension for one of its FPSOs in Brazil.

Teekay Offshore on Friday said it had in January 2019 signed a long-term contract extension with Petrobras to extend the employment of the Piranema Spirit FPSO on the Brazilian Piranema field.

The contract extension began in February 2019 for a period of three years. The agreement includes Petrobras’ termination rights with 10 months’ advance notice.

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