Altera&Ocyan signs contract with 3R Petroleum for Papa Terra oil field

The joint venture between Ocyan and Altera Infrastructure has signed a contract with 3R Petroleum for the maintenance and operation of the P-61 and P-63 in the Papa Terra field. The firm contract is five years long with multiple 1 year options.

The P-63 is a FPSO capable of producing up to 140 thousand barrels of oil per day and has started its production in 2013. P-61 is a Tension Leg Wellhead Platform and has been in production since 2015.

The new contract with 3R is still subject of approval of CADE

 

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