BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary Nigerian Agip Exploration.
The unit, moored off Nigeria on the Abo field, will continue working for Eni until 20 January 2017, during which time negotiations continue over a further extension.
In December 2015, BW Offshore signed a Letter of Intent for a two-year extension for Abo FPSO with Eni, taking the unit's contract out to Q4 2016, with options for additional seven years (until Q4 2023).
The Abo field came onstream in 2003, in 500-800m water depth. It was the first producing deepwater field offshore Nigeria.
The Abo FPSO has a storage capacity of 900,000 barrels of oil and oil treatment capacity of up to 45,000 bo/d, a water injection capacity of 30,000 bbl/d and a gas injection capacity of 35 MMscf/d.