Teekay Petrojarl
Teekay Petrojarl is the largest Floating Production Storage and Offloading (FPSO) operator in the North Sea with a daily production of 339,000 barrels of oil per day and a storage capacity of 1 million barrels (160,000 m3) of crude oil. Teekay Petrojarl operates five FPSO vessels, two shuttle tankers and one storage tanker. It is owned by Teekay, a large operator of tankers.
| Public | |
| Traded as | (OSE: PETRO) |
| Industry | Petroleum |
| Founded | 1974 (Golar Nor Offshore) |
| Headquarters | Trondheim, Norway |
Key people | Peter Lytzen (CEO) |
| Products | Floating Production Storage and Offloading |
Number of employees | ca.1,000 (2012) |
| Parent | Teekay Corporation (TK) |
| Website | http://www.teekay.com/ |
Operations
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| Oil Field | Country | Ship | Licensee |
|---|---|---|---|
| Glitne | Norway | Petrojarl I (COP) | StatoilHydro |
| Varg | Norway | Petrojarl Varg (COP) | Talisman Energy |
| Foinaven | United Kingdom | Petrojarl Foinaven | BP |
| Banff | United Kingdom | Petrojarl Banff (COP 1st June) | Canadian Natural Resources |
| Chestnut | United Kingdom | Hummingbird Spirit | Centrica |
| Huntington | United Kingdom | Voyageur Spirit (COP 1st April) | Premier Oil plc. |
| Espadarte | Brasil | Petrojarl Cidade de Rio das Ostras (scrapped) | Petrobras |
| Tiro e Sidon | Brasil | Cidade de Itajai | Petrobras |
| Piranema oil field | Brasil | Piranema Spirit | Petrobras |
| Bacia de Campos | Brasil | Arendal Spirit | Petrobras |
History
Teekay Petrojarl started off as Golar Nor Offshore and was part of Petroleum Geo-Services (PGS) in 1998 when it acquired Golar-Nor and two FPSO vessels, Petrojarl I and Petrojarl Foinaven. Within a year two more vessels were delivered Petrojarl Banff and Petrojarl Varg. In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion. In 2007, the Russian tanker Che Guevara was converted into FPSO Petrojarl Cidade de Rio das Ostras by the Polish Remontowa S.A..
Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on Oslo Stock Exchange in June. Teekay acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.