All content in this website is sourced legitimately
RIL FPSO decommissioned: Contractual issues still to be sorted out
Nov 05:
After the expiry of a 10-year hiring deal, the FPSO attached to the RIL's MA-field has been decommissioned on September 29, 2018.
8The vessel is now expected to leave Indian waters before the end of 2018
8But outstanding contractual settlement issues between the FPSO and RIL are still be negotiated out.
8The owner stands to make a neat pile of the money on the FPSO. The vessel is now debt free, and its value has been estimated at $225 million.
8Negotiations are on for another long-term deal
Click on Reports for more.
**********************************
8The vessel is now expected to leave Indian waters before the end of 2018
8But outstanding contractual settlement issues between the FPSO and RIL are still be negotiated out.
8The owner stands to make a neat pile of the money on the FPSO. The vessel is now debt free, and its value has been estimated at $225 million.
8Negotiations are on for another long-term deal
Click on Reports for more.
