Friday, October 01, 2010
Sevan Marine ASA and E.ON Ruhrgas UK E&P have finalized the commercial negotiations on the Charter Party Agreement for the lease of the FPSO Sevan Voyageur for operation on the Huntington field.
The charter party has a fixed term of five years with extension options and an estimated contract value of USD 535 million for the fixed term.
Huntington is operated by E.ON with an equity share of 25%. The other joint venture partners are Premier Oil ONS Limited (40%); Altinex Oil (UK) Limited (20%) and Carrizo Oil & Gas, Inc. (15%).
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs – Continuing Obligations.
Sevan Marine ASA is specializing in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.
For more information, please refer to http://www.sevanmarine.com.
