Repsol Sinopec extends lease on FPSO Belo Holm

The new contract term will run until 31 December 2024; thereafter Repsol Sinopec may take out further 1 year extensions at their discretion.

The FPSO Bleo Holm is owned by Bluewater and operated by Repsol Sinopec.

The FPSO is located in UKCS Block 13/28a on the Blake and Ross Fields, 72 miles north east of Aberdeen, since 1999.

José Luis Muñoz, Repsol Sinopec CEO said: “I am very pleased that this lease has been extended. In alignment with the Oil & Gas Authority’s MER UK Strategy this is a clear demonstration of our commitment to the North Sea and is a timely development to encourage further investment, increase production and facilitate life extension for the area, all while remaining focussed on emissions reduction opportunities.”

Hugo Heerema, CEO of Bluewater said: “We are pleased to have been part of making serious additional life of field possible, in what we see as a win-win for ourselves and our client.”

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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/28062021/repsol-sinopec-extends-lease-on-fpso-belo-holm/