Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v2.4.1.9
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2014
Commitments And Contingencies Disclosure [Abstract]  
Estimated Obligations and Companies Share for the Annual Charter Payment

The estimated obligations for the annual charter payment and the Company’s share of the charter payments through the end of the charter are as follows: (in thousands)

 

Year

 

Full

Charter

Payment

 

 

Company

Share

 

2015

 

$

25,843

 

 

$

7,255

 

2016

 

 

25,843

 

 

 

7,255

 

2017

 

 

25,843

 

 

 

7,255

 

2018

 

 

25,843

 

 

 

7,255

 

2019

 

 

25,843

 

 

 

7,255

 

Thereafter

 

 

25,914

 

 

 

7,275

 

Total

 

$

155,129

 

 

$

43,550

 

 

Operating Lease Obligations for Rentals

In addition to the FPSO, the Company has operating lease obligations for rentals as follows: (in thousands)

 

Year

 

Gross

Obligation

 

 

Company

Share

 

2015

 

$

90,935

 

 

$

36,812

 

2016

 

 

36,607

 

 

 

10,594

 

2017

 

 

441

 

 

 

441

 

2018

 

 

408

 

 

 

408

 

2019

 

 

407

 

 

 

407

 

Thereafter

 

 

340

 

 

 

340

 

Total

 

$

129,138

 

 

$

49,002