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Maersk Oil Qatar has cancelled a service contract with OSG and Euronav that would have seen the joint venture partners provide the company with the FSO Africa, a vessel currently under conversion to a floating storage and offloading (FSO) service vessel.
The FSO Africa was due to join its sister vessel, FSO Asia at the Al Shaheen oilfield off the coast of Qatar. It was due to be delivered to Maersk Oil Qatar on January 19, but has been delayed. The company said that September 2009 was the initial delivery date and any further delays were unacceptable.
“The joint venture contests the termination notice and continues to believe that both FSOs remain a critical part of a multi-billion dollar field expansion at Al Shaheen,” the statement said.
“The joint venture will continue the conversion of the FSO Africa which is a first class asset and with the current buoyant market for oil and oil services will find employment either in the oil field expansion at Al Shaheen or in the many other offshore developments worldwide,” it added.
I a statement OSG said that the vessel is near completion, but did not give a delivery date.
