Antrim bags option on FPSO for Fyne Field

Oil firm Antrim Energy has bagged itself an option to lease a floating production, storage and offloading (FPSO) vessel for the development of its wholly-owned Fyne Field in the North Sea.

Oil firm Antrim Energy has bagged itself an option to lease a floating production, storage and offloading (FPSO) vessel for the development of its wholly-owned Fyne Field in the North Sea.

Antrim will need the FPSO should the UK Department of Energy and Climate Change give the green light to the Field Development Plan which Antrim expects to submit in January of next year. First oil from Fyne Field is anticipated in the fourth quarter of 2014, contingent on the timing of the redeployment of the FPSO from its current location.

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