UK: XER, Teekay Ink LoI for Provision of Shuttle Tanker

May 25, 2017 News

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Xcite Energy declares that its 100% backup, Xcite Energy Resources Limited (“XER”), has marked a letter of aim (“LoI”) with Teekay Shipping Norway AS (“Teekay”) for the arrangement of a van tanker for the approaching Phase 1A of the Bentley field improvement program.

The LoI suspects that XER and Teekay will go into a complete understanding for one of Teekay’s progressively situated transport tankers inside three months, taking after which the bus tanker is relied upon to be utilized as the as a part of field stockpiling and offtake office for Bentley raw petroleum from the Phase 1A generation.

Remarking on today’s declaration, Exploration and Development Director, Steve Kew said:

“We are satisfied to have secured a capacity and offtake vessel, which will have a key influence in Phase 1A and first oil from the Bentley Field. As another critical stride in the general anticipating the field improvement, it additionally serves to highlight the simultaneous movement that is in progress while we anticipate the important endorsements from DECC.

  

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