Teekay Offshore Partners has agreed a reduced rate on one of its FPSO contracts.
Queiroz Galvao Exploracao e Producao (QGEP) has trimmed the cost of the Petrojarl I FPSO for the first 18 months of its long-term charter.
Mike Webber of Wells Fargo notes that while it’s not clear how much the rate has been cut, the overall operating cost of the field has been bought down by $410,000 per day.
