KUALA LUMPUR: Dagang Nexchange Bhd
(DNeX), via its subsidiary Ping Petroleum UK PLC, has taken delivery of the Sevan Hummingbird Floating Production Storage and Offloading (FPSO) vessel from marine energy transportation company Teekay Corporation.
DNeX said the acquisition of the FPSO is a critical milestone in the Central North Sea Avalon Development Project, which the company continues to progress after receiving a letter of "no objections” from the North Sea Transition Authority (NSTA) in March this year for its proposed Avalon development plans.
