[UK] Aoka Mizu

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15/10/2018

Bluewater Energy Services BV, is pleased to announce sail-away of the Aoka Mizu FPSO.

The Aoka Mizu FPSO has now departed Dubai, following sea trials, and will sail to Rotterdam for completion of limited remaining work before proceeding to the Lancaster Field.

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19/03/2019

The Aoka Mizu FPSO arrived at the Lancaster field on 17 March 2019 and successfully hooked-up to the turret mooring system buoy on the morning of 19 March 2019. The vessel is now on station and securely moored.

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Aoka Mizu Introduction to Hydrocarbons

14/05/2019

Bluewater is pleased to announce that at 14:05 on Saturday 11th of May 2019 Bluewater’s Aoka Mizu FPSO started production of well fluids from Hurricane’s Lancaster Field located west of Shetland. Start of production will be followed by a suite of production tests.

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On June 4, 2019 the Provisional Acceptance Certificate was received from Hurricane Energy Ltd. This is a crucial milestone in the trajectory of the upgrade of the FPSO Aoka Mizu through to achieving steady production on the Lancaster field, West of Shetlands. Oil is now flowing from the two wells.

Bluewater owns and operates the Aoka Mizu under a lease and operate contract with Hurricane.

“We are very pleased to have reached yet another important milestone, and look forward to a productive period on the field”, said Hugo J. Heerema, President and CEO of Bluewater. “Also it gives us pleasure to note that the project was executed in record time, and that Bluewater has stayed within the original budget. The Aoka Mizu is an exceptionally strong vessel with a very good performance track record on its previous assignment, has undergone mooring and topside modifications at Dubai Drydocks World to make it suitable for long term operations in the demanding area West of Shetlands”.

For further information we refer to Hurricane Energy’s Press Release of today: Hurricane Energy’s Press Release

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25 Mar 2022



Bluewater has announced that its affiliate Bluewater (Aoka Mizu) B.V., the owner of the Aoka Mizu FPSO, has signed a contract with Hurricane GLA Limited, the UK based oil and gas company and operator of the Lancaster Field, for an extension to the Bareboat Charter beyond the current expiry date of 4 June 2022.

The key terms of the extension are:

• The charter has been extended to cover the remaining economic life of the Lancaster field.

• Either party can give six months’ notice to terminate the charter.

• The existing day rate and tariff for the vessel remains at $75,000 per day and 8% of revenue respectively.

• Hurricane agrees to establish a secured deposit account of up to $18.7 million for the benefit of Bluewater to cover the costs associated with the day rate for the six-month notice period and decommissioning in respect of the vessel.

Based on the current oil price and field performance predictions, Hurricane Energy forecasted this to be at least 18 months from 4 June 2022.