Excite Energy acquires tanker vessel

8th May 2012 13:00

Excite Energy, a North Sea focused oil company, has signed a time charter contract with Teekay Navion Offshore Loading for a shuttle tanker vessel. The tanker, known at the Scott Spirit, is to be used as the in-field storage and offtake facility for Bentley crude oil during the Phase 1A of the Bentley field development programme now being undertaken. Excite has also concluded a contract with Ocean Installer for the installation of the oil export pipeline of 1.8 km between the Rowan Norway jack-up rig and the Scott Spirit. The company also reported that drilling of the 9/3b-7 well on the Bentley field is progressing satisfactorily. NR