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The 20Mm3/d capacity GIJA currently has authorization to transport 5.5Mm3/d.
"The contract provides for ROV and tooling services in the Raya-1 field in 3,400 metres water depth," Fugro said in a release. The systems are installed aboard the Maersk Venturer drill ship and a support vessel.
In its latest earnings report, Niko Resources said that two of the company's indirect subsidiaries received written notice from Trinidad and Tobago's government requesting that unfulfilled exploration work commitments be performed under each of the subsidiaries' respective PSCs within 60 days.
If the commitments go unfulfilled, the government would terminate the PSCs and exercise its rights on the parent company guarantees for unfulfilled exploration commitments of US$65mn, said Niko, which "is considering various options to address this matter."