October 25, 2018

Alpha Petroleum Resources has entered into agreements with Teekay Offshore for use of the Petrojarl Varg Floating Production Storage and Offloading (FPSO) unit, to be deployed to the Cheviot oil field.

The agreements will facilitate Cheviot-specific process modifications to be made to the FPSO unit, ensuring that it can safely operate for the maximum 10-year term of the contract. These will be made by Sembcorp Marine Rigs & Floaters in Singapore, with yard work scheduled to commence in the first quarter of 2019.

Alpha expects to achieve sanction for its 100% owned Cheviot development in Q4 2018 and is targeting first oil production in Q2 2021, at an expected rate of at least 30,000 barrels per day. Read more…