Norwegian operator Aker Energy has again extended an option agreement for the use of floating production, storage and offloading (FPSO) vessel with Ocean Yield.

"Ocean Yield has today agreed with Aker Energy to extend the option period until 31st December 2019 against additional compensation," said a statement released yesterday (August 20).

Ocean Yield had an option agreement with Aker Energy for a long-term bareboat charter of the FPSO Dhirubhai-1.

The option expires on 1st September 2019, said a statement form the Norwegean company with investments in vessels on long term charters.

Ocean Yield had granted Aker the option to bareboat charter the FPSO for a period of 15 years.

Dhirubhai-1 was built in 2008 in Jurong Shipyard, Singapore with a 9m cbm/d gas export capacity.