Teekay Petrojarl

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Teekay Petrojarl
TypePublic
(OSE: PETRO)
IndustryPetroleum
Founded1974 (Golar Nor Offshore)
HeadquartersTrondheim, Norway
Key people
Peter Lytzen (CEO)
ProductsFloating Production Storage and Offloading
Number of employees
ca.1,000 (2012)
ParentTeekay Corporation (TK)
Websitehttp://www.teekay.com/

Teekay Petrojarl was 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 operated five FPSO vessels, two shuttle tankers and one storage tanker. It was owned by Teekay, a large operator of tankers until purchased by Brookfield Asset Management, becoming Altera Infrastructure.

Operations[edit]

Petrojarl Banff at Blohm + Voss shipbuilding works in Hamburg 2013
Oil Field Country Ship Licensee
Glitne Norway Petrojarl I (Decommissioned) StatoilHydro
Varg Norway Petrojarl Varg (Decommissioned) Talisman Energy
Foinaven United Kingdom Petrojarl Foinaven (Decommissioning Ongoing) BP
Banff United Kingdom Petrojarl Banff (Decommissioned) Canadian Natural Resources
Chestnut United Kingdom Hummingbird Spirit Centrica
Huntington United Kingdom Voyageur Spirit (Decommissioned) Premier Oil
Espadarte Brasil Petrojarl Cidade de Rio das Ostras (Decommissioned) Petrobras
Tiro e Sidon Brasil Cidade de Itajai Petrobras
Piranema oil field Brasil Piranema Spirit Petrobras
Bacia de Campos Brasil Arendal Spirit Petrobras

History[edit]

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.[citation needed]

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.[citation needed]

External links[edit]