Oct 14 (Reuters) - Pilot Energy Ltd (PGY) :
- CLIFF HEAD JV PARTICIPANTS ENTERED A BINDING OFFTAKE AGREEMENT WITH BP SINGAPORE PTE
- BP SINGAPORE WILL PURCHASE 100% OF CRUDE PRODUCED FROM CLIFF HEAD OIL FIELD
- TRIANGLE ENERGY (OPERATIONS) PTY LTD (TEO), WILL ACT AS OPERATING AGENT ON BEHALF OF ALL OF DESIGNATED SELLER GROUPS
- OFFTAKE FOR ENTIRE PRODUCTION QUANTITY FROM CLIFF HEAD OIL FIELD, & PRICING IS AT A FIXED DISCOUNT TO BRENT
- BASED ON CURRENT STORAGE LEVELS, CHJV EXPECTS THAT FIRST LIFTING WILL TAKE PLACE IN OCTOBER 2021
- BP SINGAPORE GRANTED RIGHT TO MATCH OFFERS FOR SALE OF CLIFF HEAD PRODUCT SOLD ON A STANDALONE BASIS FOR 3 YEARS POST DELIVERY PERIOD
Oct 14 (Reuters) - Pilot Energy Ltd (PGY) : CLIFF HEAD JV...
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