HAMILTON, Bermuda, Jan. 24, 2007 (PRIME NEWSWIRE) -- The owners of the FPSO Crystal Sea have decided to relocate the vessel from India in order to market the vessel for new floating production assignments.
Crystal Sea commenced operations in India under a five-year contract with Discovery Enterprise in June 2006. However, subsequent to commencement, riser related problems occurred that halted the operations. The owners have worked together with the customer to solve these problems, however, it was concluded that operations would not be resumed within the time schedule outlined by the customer. As a result, the contract has been terminated and the vessel has left the port of Mumbai.
January 24, 2007