An FPSO is a ship-shaped vessel deployed to produce, process, store and offload hydrocarbons from offshore fields. The FPSO may be connected to wells on the seafloor through risers or to a platform. The FPSOs are suitable for a wide range of field sizes and water depths. Thus they are reusable, allowing their cost to be spread over a number of field developments.
Teekay Petrojarl currently owns and operates five FPSOs – two on each of the Norwegian and UK Continental Shelves and one in Brazil. All production units are under long-term contracts producing for oil and gas companies. Petrojarl I is working for Statoil on the Glitne field, her 10th consecutive contract, Petrojarl Foinaven is producing the Foinaven field for BP, in the Atlantic West of Shetland. Petrojarl Varg is in production for Talisman on the Varg field and Petrojarl Banff is located on the Banff field about 200 km East of Aberdeen and is working for Canadian National Resources (CNR). And, the Petrojarl Cidade De Rio Das Ostras is serving as a test facility for the production of heavy crude oil for Petróleo Brasileiro S.A. on the Siri Field is in the Campos Basin, 101 kilometers north east of Macae.
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