Teekay bids a final farewell as the company successfully wind down its FPSO business
Teekay mark a special day in the company’s history as its successfully wind down FPSO business.
In 2006, Teekay entered the FPSO business with the acquisition of Petrojarl ASA. Over the years of operating in the North Sea and Brazil, the business grew and marked numerous milestones for all companys' FPSOs. This includes anniversaries, achieving first oil, passing the 60-million barrel mark, and even winning the “Excellence in Collaboration” award at the 2022 North Sea Decom Week.
Following the Brookfield transaction in 2017, companys' last three units: Hummingbird, Banff, and Foinaven, have been successfully sold, decommissioned and green recycled. Foinaven, the final FPSO, has completed her delivery to Modern American Recycling Services Europe in October of 2022.
"As we close the final chapter of our FPSO business, we are grateful for the outstanding global team members, both ashore and at sea, who have been involved in the safe, final voyage of our last unit. It is a true example of great teamwork, a value that has allowed us to see through our final asset until the very end", stated company officials.
See Foinaven on her final voyage to Frederikshavn with our outstanding Ship Team.