The contract with BG will be serviced by four Suezmax-size DP2 shuttle tanker newbuildings to be constructed by Samsung Heavy Industries in South Korea. Upon delivery in mid- to late-2013, the vessels will commence operations under 10-year time-charters. The contract with BG also includes certain extension options and vessel purchase options.
Teekay Offshore signs Brazil shuttle tanker contract
Teekay Offshore GP, the general partner of Teekay Offshore Partners, has entered into a new long-term contract with a subsidiary of the British BG Group to provide shuttle tanker services in Brazil.
