BW Offshore has received a two-year contract extension for the lease and operation of the FPSO Polvo.
The FPSO is operating on the Polvo field offshore Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3 2016), with options until Q3 2022.
The Polvo oil field is in the Campos basin in Brazil. The field was brought onstream in 2007, with a 2013 year-to-date production of about 12,000 bbl/d.
The field installations include the FPSO Polvo, the Polvo A wellhead platform, with a drilling rig and an infield pipeline.
Earlier this week, BW Offshore signed a Letter of Intent for a two-year extension for FPSO Abo with Nigerian Agip Exploration Limited, an affiliate of ENI, until Q4 2016, with options for additional seven years (until Q4 2023).
The Abo field came onstream, in 500-800m deep water offshore Nigeria, in 2003, using the Abo FPSO. 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.