Chevron hires Olympic vessel for work on Nigerian deepwater project

Norwegian offshore vessel owner Olympic has won work for one of its anchor handling vessels from US supermajor Chevron.

The US company hired the Olympic Zeus anchor handler and offshore construction vessel for work on the Agbami FPSO off Nigeria.

According to a Breamar report, the vessel was hired for two months. The deal also includes extension options. The vessel’s most recent fixture has been in the spot market with Aker BP.

The operator of the $3.5bn Nigerian project is Chevron, which owns a 67.3% interest. The remaining working interests are held by Equinor and Petrobras.

The FPSO was built by South Korea’s Daewoo Shipbuilding & Marine Engineering, and the construction deal was worth $1.2bn. It has an overall storage capacity of 2.2m barrels of crude oil.

It originally arrived at the field at the end of 2007. The FPSO can handle 250,000 bpd, 450m cubic feet of gas production, and 450,000 barrels of injected water a day. It is scheduled to be on location for over 20 years.