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 . Forward Looking Statement 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 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 .