Sevan says started oil production on Chestnut field
Norway's Sevan Marine has started oil production on Venture Production's Chestnut field in the British part of the North Sea, it said on Monday.
Sevan's FPSO (Floating Production Storage and Offloading) vessel will be working under a 2-1/2 plus two-year charter contract.
The FPSO has an oil storage capacity of 300,000 barrels and is equipped with an oil processing capacity of 30,000 barrels per day and a water injection capacity of 20,000 barrels per day, Sevan said in a statement. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.