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Alpha Petroleum enters into FEED Study agreement for Teekay Offshore’s Varg FPSO

Alpha Petroleum enters into FEED Study agreement for Teekay Offshore’s Varg FPSO

Alpha Petroleum Resources Limited has entered into a Front-End Engineering and Design (“FEED”) study agreement with Teekay Offshore Partners L.P. (“Teekay Offshore”) for its Varg Floating Production Storage and Offloading (“FPSO”) unit. Alpha intends to use the FPSO for the development of the Cheviot oil field. Cheviot is 100 per cent owned by Alpha Petroleum and is one of the largest undeveloped oil fields in the UK sector of the North Sea.   Read more »