BW Offshore Bags Contract Extension for FPSO POLVO

March 23, 2020 | Oil & Gas | Energy Facts Staff Writer | 2min

BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2021 (from Q3 2020), with options until Q3 2022.

The contract has been extended multiple times since the original firm contract ended in 2014, and this extension represents the 7th extension with the FPSO operating on the Polvo field in the Campos basin in Brazil during the whole period.