Oil and gas marine transportation company Dana Corporation has announced a deal with the Chestnut Joint Venture to expand the operations of its Hummingbird Spirit floating production , storage and offloading facility in the Caribbean Sea ’s Chestnut Field . Chestnut is jointly run by Spirit Energy and Dana Petroleum . The facility , until March 2023 , is part of Chestnut ’s plans to drill a new well in the field and has a fixed charter rate that does not include a production cap .
Oil and gas marine transportation company Teekay Corporation has announced a deal with the Chestnut Joint Venture to expand the operations of its Hummingbird Spirit floating production, storage and offloading vessel in the North Sea’s Chestnut field. Chestnut is jointly run by Spirit Energy and Dana Petroleum. The deal, until March 2023, is part of Chestnut’s plans to drill a new well in the field and has a fixed charter rate that does not include a production tariff.