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Aker Floating Production loss widens


Published Nov 17, 2008
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Aker Floating production Smart FPSO 1
courtesy Aker Floating Production

Aker Floating Production has posted a $6 million net loss for the third quarter of 2008, a deficit three times as wide as that reported in the same span a year ago.

Despite the result, revenues were up from null a year ago to $38 million on the first day rates for chartering out its floation production storage and offloading vessel.

In contrast to some its peers, Aker Floating Production management said the outlook remained “positive” for the FPSO industry. Other floating production companies have admitted they see consolidation in the sector in the coming years.

The make of “Smart” FPSOs also said Noble Energy had confirmed Aker would do the front-end engineeering for the Benita field development in Equatorial Guinea.

Tags: Aker Floating Production ASA




   

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