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Teekay secures Banff FPSO contract extension

24 May 2019

Teekay Corporation has entered into an agreement with a subsidiary of Canadian Natural Resources (CNR) to extend employment of the Petrojarl Banff FPSO unit on the Banff field.

The extension covers a period of one year to the end of August 2020, at substantially similar terms to the current contract, and includes an upside component linked to oil prices and oil and gas production. Read more…


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