Eni extends Abo contract

BW Offshore has signed an interim extension agreement for floating production, storage and offloading (FPSO) vessel Abo with Eni subsidiary Nigerian Agip Exploration, until 31 March this year. 

The short-term extension has been agreed to secure operational continuity while joint work is continuing to conclude the negotiations. 

The Abo field came onstream, in 500-800m deepwater 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 bbl of oil and oil treatment capacity of up to 45,000 bo/d, a water injection capacity of 30,000 b/d and a gas injection capacity of 35 MMscf/d.

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