JOG has announced the agreement for acquisition of the FPSO for its Buchan field development. The company announced earlier this year that it was expecting to redeploy an existing FPSO for development of Buchan, and has today confirmed that this will be the Western Isles vessel. This is an important step forward for JOG and for the Buchan development, further defining the development plan, moving this closer to FID, and potentially helping facilitate JOG’s planned second farm out deal.
