M.A.R.S. Europe said it has been awarded a contract by Teekay Petrojarl Floating Production UK Ltd. for dismantling and recycling of the Petrojarl Banff floating production, storage and offloading unit (FPSO).
The deal includes engineering, preparation, dismantling and green recycling of the long-serving floater.
Teekay’s Petrojarl Banff FPSO is expected to arrive at M.A.R.S. Europe’s EU-approved facility in the Port of Frederikshavn, Denmark prior to the end of Q1 2021.